GBP/CHF is currently trading below 200 day SMA, suggesting a downtrend.
There is a clear head and shoulder pattern as shown in the chart - opportunity to short at the 1.189 neckline level if trend is confirmed by H4 candle.
Please let me know what you think of this idea - I'd love to hear your thoughts!
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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.