GBPCHF BEARS TO KICK IN AGAIN!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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GBPCHF BEARS TO KICK IN AGAIN! 📚
👉As we can see price is still overall bearish trading inside this falling broadening wedge pattern, Moreover, price is sitting around a strong resistance zone, where we will be looking for new bearish movements.
👉Meanwhile, from a shorter-term perspective, price is still bullish trading inside this blue channel, making clean higher highs and higher lows, Unless price managed to break below our major swing low, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective. 📚
Until that price can still trade higher till the upper falling channel, where we will be looking again for new shorts.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
