gbp/chf for bullish

7 Kas 2023

market conditions for gbp/chf in the higher time frames has been bearish for a while, with that being said if we zoom into the lower time frames we can see a bullish momentum that has lasted for almost 2 months, a strong trend line is being formed, price has come back to a previous resistance level which is now acting as support (support level also matches with the golden zone in the fibonacci) and the stochastic is indicating market is oversold, with the right level of risk management, we could have an opportunity here for some potential buys.