GBPCHF Possible long setup

١٩ أكتوبر ٢٠٢٣

In the daily timeframe, GBPCHF has recently breached the lower boundary of its trading channel, largely due to increased demand for the Swiss Franc (CHF) as a safe haven currency amidst the Israel-Hamas conflict. I'm closely monitoring the pair for a potential pullback, which may present an attractive opportunity to initiate a long position. The dynamics of this geopolitical event are certainly influencing market sentiment, and if a pullback occurs, it could signal a reversal in the pair's fortunes, offering a chance for a long trade.

٢٠ أكتوبر ٢٠٢٣

ملاحظة

Confirmed and I went long from 1.08311