The legend in the InstaSpot team!
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If we look at the 4-hour chart of the GBP/CHF cross currency pair, there are several interesting facts. First, the appearance of a Triangle pattern followed by the movement of its EMA (21) which moves between the candle bodies indicates that the current condition of GBP/CHF is moving in a Sideways condition, even so, with the appearance of Divergence between the GBP/CHF price movement and the Awesome Oscillator indicator, it gives an indication that in the near future there is a potential for strengthening that will occur where the level of 1.1037 will be tested. If it is successfully broken and closes above it, then GBP/CHF has the potential to continue its strengthening to the level of 1.1151 as its main target and 1.1299 as its second target if the volatility and momentum of its strengthening support it, but if on its way to the target levels, GBP/CHF suddenly corrects and weakens quite significantly, especially if it breaks and closes below the level of 1.0754, then all strengthening scenarios that have been described previously will become invalid and automatically canceled by themselves.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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