GBPCHF (Daily) - Price has hit Higher timeframe structure and broken the defending trend line (white line).
GBPCHF (4 Hour) - Here we can clearly see price breaking the downwards trend line and respecting the 4HR structure (found from multiple touches shown by red/green arrows), retesting the broken trend line and also hitting a 38.2 Fib ratio. An engulfing candle stick can be seen and possible used for entry signal. Fib extension shows overall completion of this set up which also aligns perfectly with a harmonic move shown by the red lines
Notes - Last candle closed on the Friday 28 September 2018 10pm GMT. Monday 1 October 2018 has news such as 9:30 GPB BoE consumer credit (yellow) 10:00 EUR Unemployment rate (red)
GBPCHF (4 Hour) - Here we can clearly see price breaking the downwards trend line and respecting the 4HR structure (found from multiple touches shown by red/green arrows), retesting the broken trend line and also hitting a 38.2 Fib ratio. An engulfing candle stick can be seen and possible used for entry signal. Fib extension shows overall completion of this set up which also aligns perfectly with a harmonic move shown by the red lines
Notes - Last candle closed on the Friday 28 September 2018 10pm GMT. Monday 1 October 2018 has news such as 9:30 GPB BoE consumer credit (yellow) 10:00 EUR Unemployment rate (red)