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[Market Breakdown 2] GBPCHF

Paun British / Franc Swiss (OANDA:GBPCHF)  
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OANDA:GBPCHF   Paun British / Franc Swiss
Trend Analysis Chart Patterns Beyond Technical Analysis GBPCHF short Technical Analysis swingtrading neutral gbpchfshort
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trendanalysis chartpattern beyondta gbpchf short technicalanalysis swingtrading neutral gbpchfshort
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.
Komen:
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.
snapshot
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.