50% and 61.8% fib retracement zones coincide with previous strong support
BUY OR SELL DEPENDING ON WHICH PATH THE PRICE TAKES.
CLEAR ON CHART. PRICE HAS MADE A NEW LOW
Great bounce from 61.8% and the roof of channel. This may be the start of a downwave. If green trendline is broken down, sell every pullback. It's possible that 61.8% is visited again. If it does, wait for bearish PA and sell targeting bottom of the rising channel as a main target.
Looks like we've hit the top of trading range in GBPCHF, good to have a sell entry on pullback to highlighted area. Beware as we may have an attempt to double top as well.