GBPCHF daily Analysis by ThinkingAntsOk
Main items we can see on the chart:
a) The price was on a descending trendline and reversed after facing a major support zone and the lower trendline of a descending channel
b) We observed a corrective structure (yellow lines) on the edge of the descending trendline before the breakout
c) From the current level, we expect a bullish resolution of the situation
d) The Horizontal purple lines are important resistance levels in which you can expect corrections to happen
a) The price was on a descending trendline and reversed after facing a major support zone and the lower trendline of a descending channel
b) We observed a corrective structure (yellow lines) on the edge of the descending trendline before the breakout
c) From the current level, we expect a bullish resolution of the situation
d) The Horizontal purple lines are important resistance levels in which you can expect corrections to happen