I spotted a strong descending trend line on 📉GBPCHF, with the price rising to that last week on a daily.
As it tested this level, the pair formed an inverted head and shoulders pattern on a 4-hour time frame.
The neckline has recently been broken and retested.
I anticipate a bearish move towards the 1.0700 level now.
As it tested this level, the pair formed an inverted head and shoulders pattern on a 4-hour time frame.
The neckline has recently been broken and retested.
I anticipate a bearish move towards the 1.0700 level now.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.