An opportunity to buy GBP/CHF
After a bottom, the market is trending up. On the 4 hour chart, price has broken a key resistance line and is now acting as support. Simple price action + support and resistance zones tells me that this pair is heading up to the most previous structure high around 1.48244.
On the 1 hour, the 2 most previous candles are bullish with a nice hammer formed on the trend line. On the 4 hour chart we also have 2 bullish candles. Finally, the Stochastic has crossed over and is looking like it will head to the upside.
On the 1 hour, the 2 most previous candles are bullish with a nice hammer formed on the trend line. On the 4 hour chart we also have 2 bullish candles. Finally, the Stochastic has crossed over and is looking like it will head to the upside.