GBPCHF Bearish Trend Analysis

GBPCHF - Short to 1.20 level

Timeframe : Mid-Term

Aug. 3 = Engulfing Bearish Candle = Bearish Strength
Aug. 7 = Inverted Hammer = Bullish, but failed verification on next candlestick
Aug. 15 = Falling Three Methods Candle = Strong signal for new Low @ closing, achieved @ 1.2518 - Signals Downward Trend to continue

Resistance & Support Levels:

R3 1.2453 R2 1.2418 R1 1.2366
S1 1.2280 S2 1.2245 S3 1.2194

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