GBP/CHF currency pair analysis

The support level of 1.1564 restrained the sellers. A downward truncated structure was formed, which was completed by the breakdown of the sloping channel. Awesome Oscillator indicates bullish divergence. On the H4 and H1 timeframes, a key reversal pattern was formed.

Trade idea:

Buy on the breakdown of 1.1628.

Stop-loss: 1.1564.

Target levels: 1.1700; 1.1716.