GBPCHF***has formed a triple top pattern, Bearish reversal sign.
📉 GBPCHF Price Forecast 📉
GBPCHF has formed a triple top pattern at the top of the uptrend and broken down the neckline, signaling a bearish reversal. The pair is currently consolidating with repeated strong bearish candles forming around the order block.
Key confirmations include:
- Golden crossover of 200 EMA and 50 EMA, reinforcing the bearish momentum.
- The pair is taking resistance near the 50 EMA, presenting a solid selling opportunity.
🎯 Technical Target Levels:
- 1.1070
- 1.0940
📌 Note: Wait for clear price action near the current resistance for entry confirmation.
Kind Regards
TrendLogic1
GBPCHF has formed a triple top pattern at the top of the uptrend and broken down the neckline, signaling a bearish reversal. The pair is currently consolidating with repeated strong bearish candles forming around the order block.
Key confirmations include:
- Golden crossover of 200 EMA and 50 EMA, reinforcing the bearish momentum.
- The pair is taking resistance near the 50 EMA, presenting a solid selling opportunity.
🎯 Technical Target Levels:
- 1.1070
- 1.0940
📌 Note: Wait for clear price action near the current resistance for entry confirmation.
Kind Regards
TrendLogic1
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Gold signals with proper TP and SL for high-profit opportunities.
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