DarrO
Junior member
- Messages
- 17
- Likes
- 0
GBPCHF - outbreak from Inside Bar and trend line
GBPCHF – the pair from April this year moved in a downward trend. On the last day of August, it set a minimum of this year at 1.2455. In September, there was a clear revival of quotations, ATR already reached the value from before the holidays and candles with the range above 200p appeared. The last session of September (Friday) is included in Thursday’s creating the formation of Inside Bar. Currently, the price is above the line of the downtrend mentioned at the beginning and it seems that this breaking can be considered as confirmed by the long bottom shadow of Friday’s daily candle. On the D1 chart, we also notice the ongoing (+) bullish divergence. Taking into account these two factors, it is possible to expect further increases.
GBPCHF – the pair from April this year moved in a downward trend. On the last day of August, it set a minimum of this year at 1.2455. In September, there was a clear revival of quotations, ATR already reached the value from before the holidays and candles with the range above 200p appeared. The last session of September (Friday) is included in Thursday’s creating the formation of Inside Bar. Currently, the price is above the line of the downtrend mentioned at the beginning and it seems that this breaking can be considered as confirmed by the long bottom shadow of Friday’s daily candle. On the D1 chart, we also notice the ongoing (+) bullish divergence. Taking into account these two factors, it is possible to expect further increases.
