GBPCHF Inverted Hammer near daily support zone

GBPCHF Inverted Hammer

After shooting star formation GBPCHF fall about 330+ pips from confirmation candle. Price tried to push higher last trading day and end up creating a Inverted Hammer Pattern on daily chart. If price create a small solid bullish candle there is chance that GBPCHF might reverse also price near its daily support zone.

 

GBPCHF Inverted Hammer