GBP/CHF will decrease or not?
Updated
Hi every one
BRITISH POUND / SWISS FRANC
the GBP/CHF has formed a broadening wedge in weekly time frame which means the price is expected to move between the upper and lower line of the wedge pattern so if you pay attention to the chart you can see that the market is near the upper line of the wedge this means that the price is expected to decrease and reach the lower line of the wedge .
there is a small chance that the price can actually break the wedge upward and reach the indicated resistance otherwise the price shall reach the bottom of the wedge!
this is the weekly timeframe which means this signal is more effective than lower time frames!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck.
BRITISH POUND / SWISS FRANC
the GBP/CHF has formed a broadening wedge in weekly time frame which means the price is expected to move between the upper and lower line of the wedge pattern so if you pay attention to the chart you can see that the market is near the upper line of the wedge this means that the price is expected to decrease and reach the lower line of the wedge .
there is a small chance that the price can actually break the wedge upward and reach the indicated resistance otherwise the price shall reach the bottom of the wedge!
this is the weekly timeframe which means this signal is more effective than lower time frames!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck.
Note
Previous AnalysisGBP/CHF upward movement explained
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📥┃Premium trading experience with COINCALL
coincall.com/r/47022631
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