This "ranging" activity we've been seeing the last week or so looks like a lot of profit taking and position dumping, especially because of the strong wick action and failure to make new highs. The most amount of volume was traded at the two prices I have in red. I'm looking to short a harmonic that completes at the first red line, and ride it down to 38.2 I'm looking for those red lines to act as support, I believe the institutions will push it down
Bearish on GBPCHF this week
Bearish on GBPCHF this week