Great Britain Pound-Swiss Franc's decline continuation? Part IITwo days ago, we've seen the Great Britain Pound rise towards all of its pairs due to the decline of the Dollar... except from the Swiss Franc.
After my re-analysis of this pair (see my previous analysis at my Link to Related Ideas), I've seen another trend line on play at daily. Despite the ongoing ascending trend line , there is still a trend line on 4-hour suggesting a downside trajectory. I will be holding my short trade and will see where this will go. For safety of others, I will be putting the Investment Strategy on Neutral.
Gbpchftrade
Great Britain Pound-Swiss Franc's decline continuation?A bearish fakey pin bar confirmation has occurred yesterday. However, despite this, there are several supports on the path for this pairs decline continuation. Freshly below the daily 200 sma, we can see that this pair has already broken below a strong support -- but a strong support still waits below.