GBPCHF Possible long setup

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.

Yorum:

Confirmed and I went long from 1.08311