GPBCHF / H1 / SHORTWe can expect downward momentum from the bearish order block.
GBP/CHF is currently positioned within a bearish order block, indicating a high-probability zone for potential price reversal and downward movement. Based on the current market structure, this could be an optimal time to consider entering a sell position.
Bearish Order Block: 1.12789 and 1.12662
Smart Money Concepts (SMC) , an advanced price action strategy used to identify institutional price levels, has been applied in this analysis. SMC allows traders to detect critical areas where institutional traders might place their orders, such as order blocks. In this case, the bearish order block is acting as a potential resistance area from which the price may drop.
Given the current market sentiment and technical structure, we can expect the price to react negatively and move lower from this key zone. The bearish order block suggests that institutional sellers are likely stepping in, further increasing the chances of a downward momentum.
It is important to monitor the price action closely at this level to confirm the move before fully committing to the trade. Observing a clear rejection or signs of distribution within this zone can provide further confidence in the potential downside movement.
According to my analysis i suggest that:
Entry price :-1.12676
Take profit :-1.12240
Stop loss :-1.13112
