GBPCHF

We have been seeing massive buyers strength on this pair. we covered about 550+ pips in the past 8 days however sellers have been trying to take control bringing about difficulty in price continuing higher however the market still belongs to buyers. The Ascending Trendline held firm pushing price higher, however we are approaching the 1.28500 Mid-Range area of which might potentially reject price and ultimately be the cause of a reversal in price. Based on the recent P.A (H4 support rejection and Daily support Rejections) i still stand with my bullish bias hence i have placed a buy stop to 1.30500, covering 200Pips.