GBPCHF: Potential Long Trade Explained 🇬🇧🇨🇭

١٨ أغسطس ٢٠٢١

After a strong bearish movement,
GBPCHF formed a cute double bottom formation on 1H.

To trade the pattern wisely, wait for 1.2574 - 1.259 neckline breakout.
We need an hourly candle close above that.

Then buy on a retest.

Goal - 1.2635
Stop - 1.2535

In case of a bearish violation of the pattern's lows setup will be invalid.

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