GBPCHF is falling from a strong daily supply cluster. The price has recently tested a confluence zone of a strong horizontal resistance and a major rising trend line.
As a confirmation, on hourly, the price has formed a double top pattern with a lower high and closed below its neckline.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.