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GBPCHF Watch for this bearish reversal
British Pound / Swiss Franc
Short
GBPCHF Watch for this bearish reversal
By jojofang0901
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Updated
Apr 30, 2021
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Apr 8, 2021
Hello traders:
GBPs lately have been bearish across the board, and certainly is looking so on GBPCHF.
We can see price action formed an ascending channel/wedge structure, correcting the price to the previous swing high.
This is a good indication the bullish momentum is exhausted, and we can expect a reversal price action.
We then see a sharp bearish impulse down, breaking out of the correction. Good sign or further bearish continuation down.
Wait for LTF continuation correction here to get in on the bearish run.
Thank you
Apr 30, 2021
Comment
Chart Patterns
correction
Flag
impulse
Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
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