GBPCHF: Demand seen in a high volume Fri daily close

After an extended Bearish run stretching 3 weeks, we finally see a D1 Bullish close on Wed. But Bears launched an attack on Thu. This Bearish D1 close doesn't has any conviction cos no high volume is seen. It launched another attack again on Fri but D1 closed with a doji in ultra high volume, volume that wasn't seen since 12th Dec 19. Dropping down to H4, we can see a strong downward thrust but equally matched by a reverse move. This move actually show a rejection of a D1 DZ proximal line. Further looking at GBP crosses, which shows strength, I am convinced with all evidence seen, GBPCHF is preparing to make further gain in the coming days. A confirmation of a Bullish control will come in a rejection of Fri low or D1 close above Thu high.

DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.