GBP / CHF: Daily chart
Price above the diagonal and horizontal support and 50MA
Price action: pin bar and a false breakout of support - a positive signal
indicators:
50 / 200MA: price above the 50MA
DeM: Rotates from zone of over-sold market
CCI (50): Over 0 - positive territory
SL 1.24200
Alternative scenario: If the price crosses below the horizontal resistance is likely to see a new bearish momentum.
Jr_Trader_I_Ivanov
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