GBPCHF bullish 4hrs Setup 2/9

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GBPCHF bullish 4hrs Setup 2/9

Gbpchf is one of the pairs in my watchlist which is showing a good sign for the bulls. Price had earlier formed a clear bullish head and shoulder pattern, then accompanied with bullish pressure, the current 4hr close look like a clear breakout from an ascending triangle.

I would be looking for buy opportunities In the next london market session from this price 1.26447 to next resistance at 1.27464, if during the Asian session, bearish pressure sets in to cause a candle close below this triangle, then my buy trade bias is invalidated. 

Edited 02 Sep 2021, 20:48

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