Big movement expected on BCHGBP after a breach of 211.5300

BCHGBP has broken through a line of 211.5300 and suggests a possible movement to 200.4330 within the next 2 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 18 days.