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[Market Breakdown 2] GBPCHF

34
WEEKLY

For GBPCHF my main bias is still Bearish.
We are currently sitting at a Weekly high zone, holding since April 2020.
Not only a Weekly high zone, also Supply & Demand zone.
We have a -27 Fib completion, so we can expect some downside momentum.
Nice indications on the Weekly chart.
Nota
DAILY

We are still making HHs and HLs on the Daily chart.
Impulse & relief with the trend: Bulls getting tired, bears gaining power.
You don't want to trade against the trend, we want a break of ascending trend line/last HL before considering a Short trade.

ALWAYS STAY NEUTRAL AND ANTICIPATE ON THE SITUATION.
syot kilat

Penafian

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