GBP/CHF: 4-hour
If you’d rather wait for retracements, then this setup on GBP/CHF might interest you. The pair has been on a very strong uptrend, as price has been moving above a rising trend line on the 4-hour time frame and the simple moving averages. After that recent run though, it looks like bulls could use a pullback, possibly until the trend line support. Using the handy-dandy Fib tool on the latest swing low and high shows that the 61.8% level lines up with the 1.5100 major psychological level and the 100 SMA, which makes it a potential support area.
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