GBPCHF - Potential Buy Setup at Key Support Level

1 Mar

GBPCHF is currently approaching the lower boundary of the ascending channel, aligning with a key support zone where buyers may step in.

This area has previously acted as a strong support level, suggesting that if the price confirms a bullish rejection, we could see a move higher toward the 1.13750 level, which represents a logical target for this setup. However, a break below this trendline would invalidate the bullish outlook and could lead to further downside.

This setup reflects a potential bounce from channel support, in line with the prevailing uptrend.

If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments! 🚀

5 gün önce

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