The trade configuration was pinpointed on GBPCHF. The GBPCHF price has surpassed the resistance line of a Channel Down pattern on April 2, 2024, at 6 AM. A potential upward price movement is anticipated for the next 21 hours, possibly reaching 1.1405.

The pattern’s overall visual quality is superior. The initial price trend was extremely robust before this trade configuration was established. The trade setup is distinct, with minimal noise during the volatility between support and resistance. The breakthrough past resistance was notably powerful, providing a strong insight into the current market sentiment.

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