GBPCHF welcomes the Bulls

٧ أغسطس ٢٠٢٠

Coming from a major swing low, we saw that the market broke a series of lowers highs with bullish breakout. The market pulled back to trendline to find dynamic support. A trend reversal was at play. Our buy signal is the bullish engulfing+Wick rejection in the Fib's Buy and Sell zone. Stop loss below the wick. We are risking 31 pips for 271 in total.