GBP/CHF: Breakout from the Range or Another Upswing?

The GBP/CHF has been in a range for a long time, and it recently touched the lower boundary again. On a lower timeframe, a double bottom and a higher low have formed, indicating a possible trend reversal. If the descending trendline is broken, there is a high probability that the upper boundary of the range will be the target.

Range:

Double bottom:

If you find it useful, like, follow, share!
Happy trading!

İşlem aktif:

The price broke out of the range it has been moving in for a week, and the daily candle closed above it. Therefore, it is likely to reach the nearest resistance and continue rising.