GBPCHF Bullish Perspective and invalidation level
Main items we can see on the chart:
a) The price has broken a descending trendline
b) The price is above a major support zone
c) Currently, we can see a corrective structure
d) If the price breaks above it, that will be our confirmation for a new bullish movement towards the next resistance zone
e) We also have an invalidation level, if the price reaches that zone we will cancel our long view
a) The price has broken a descending trendline
b) The price is above a major support zone
c) Currently, we can see a corrective structure
d) If the price breaks above it, that will be our confirmation for a new bullish movement towards the next resistance zone
e) We also have an invalidation level, if the price reaches that zone we will cancel our long view