GBPCHF Will Move Higher! Long!

2024年7月26日

Here is our detailed technical review for GBPCHF.

Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is testing a major horizontal structure 1.135.

Taking into consideration the structure & trend analysis, I believe that the market will reach 1.143 level soon.

P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.

Like and subscribe and comment my ideas if you enjoy them!

2024年7月27日

註釋

I am confident in this trade so I will keep it open!