Rectangle Channel

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Rectangle ChannelBritish Pound vs Swiss FrancICMARKETS:GBPCHFTradeChartPatternsLikeTheProsHey traders, here’s one to watch closely πŸ‘‡ GBPCHF is consolidating in a rectangle channel structure, marked by clear highs and lows β€” a classic coiled spring waiting for resolution. πŸ“Œ Key Notes: Price has respected horizontal boundaries repeatedly We’ve now broken above the top of the range with a reaction off point D Both upside and downside breakouts remain valid β€” the key is confirmation πŸ” What to Watch: A surge in volume and close above 1.10142 or below 1.09510 will confirm breakout direction Fibs projected from XA and ABCD legs show both upside and downside targets Range extension levels already plotted for reference No prediction. Just structure and breakout readiness. β€” C. Dela | #TradeChartPatternsLikeThePros.