I said to sell GBPCHF on Sunday. Here is the way it turned out! I'll be using higher timeframes from now on! :) haha.
Based on the price action, supply and demand areas.
At an area of support/resistance on the 4h, and 1d. Candle looks strong as it approaches the resistance on the daily chart, so it's possible I will wait for a retest before entering this position just to be sure.
At a key area, also a candle rejecting the price going higher than that zone.
Based on extended downtrend and respecting the trendline on the daily chart. Fundamentals may lead to a breakout?
Basic Price Action and Significant Downtrend overall. Respecting the trendline. I expect it to fall right now down to make another low, although it may not happen due to fundamentals. Let's see..