GBPCHF has faced a strong resistance for the second week consecutively. On weekly frame The pair got rejected immediately from the fierce supply zone ranging between 1.15627 & 1.17238.
On 2hr frame we can see a bearish butterfly harmonic pattern formed, and a clear break of the uptrend which supports our bearish bias.
-The Fed rate hike of 75points could whey heavily on GBP pairs across the board, because as we know most of them move similarly.
Combining all the above, we feel good shorting the pair.
Trade safe.
Love, Lacasafxfamily.
On 2hr frame we can see a bearish butterfly harmonic pattern formed, and a clear break of the uptrend which supports our bearish bias.
-The Fed rate hike of 75points could whey heavily on GBP pairs across the board, because as we know most of them move similarly.
Combining all the above, we feel good shorting the pair.
Trade safe.
Love, Lacasafxfamily.
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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.
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.