GBPCHF Watch for this bearish reversal
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
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Disclaimer
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.