Yesterday the week started calmly and we expect it to continue like this. No sharp movements and no record values.
While we are waiting for several positions of the main currency pairs to develop, we can see an opportunity in GBPCHF.
Here we have an upward trend, which is broken, but the price does not reverse the trend but forms a triangle. It is the fact that it does not have the strength to make a lower bottom, but constantly makes higher bottoms and we are in an upward trend that means we are more likely to see new peaks.
The resistance levels are:
1.2025
1.2058
1.2107
Passing over the previous peak will confirm the movement.
While we are waiting for several positions of the main currency pairs to develop, we can see an opportunity in GBPCHF.
Here we have an upward trend, which is broken, but the price does not reverse the trend but forms a triangle. It is the fact that it does not have the strength to make a lower bottom, but constantly makes higher bottoms and we are in an upward trend that means we are more likely to see new peaks.
The resistance levels are:
1.2025
1.2058
1.2107
Passing over the previous peak will confirm the movement.
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
