GBPCHF, Double bottoms formed
On the 5th of November the pair reached our strong weekly support, level 1.22889. The price failed to go beyond these level but it formed double bottoms as first sign of reversal. A retest of our descending trending line has taken place and bullish confirmation candle printed on 4 hour timeframe. Targets should be placed around level 1.26575 and stop loss at 1.24262.
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