Gbpchf long

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Gbpchf longBritish Pound / Swiss FrancFOREXCOM:GBPCHFvicofalltrade🔎 Key Levels Entry Zone (Demand Area): Around 1.0700 – 1.0680 (grey highlighted box). Price is testing this strong support zone now. Stop Loss: Just below 1.0660 (beneath the demand zone). If broken, structure fails and setup is invalidated. Target Zone: Around 1.0780 – 1.0800 (green box above). 📈 Trade Idea Bias: Bullish (long). Price has dropped into a demand zone after a series of lower highs → traders expect a bounce/retracement upward. Risk-to-reward (RRR) looks solid, roughly 1:2 🧠 Technical Rationale 1. Demand Zone Support: Price is respecting a previous accumulation area, suggesting buyers are waiting here. 2. Liquidity Sweep ($$$$$ area): Notice the marked “$$$$$$” zone above — this is a liquidity pool. Market makers often push price down into demand before driving it back up to take liquidity.