GBPCHF will go further downward in context with the following factors:
Price has reached the downward trendline.
Price has retested the Bear pennant .
At lower timeframes 15, 30 and 1H, RSI has created bearish divergences.
Price is still below 50EMA & RSI 4H also below 50
Price has reached the downward trendline.
Price has retested the Bear pennant .
At lower timeframes 15, 30 and 1H, RSI has created bearish divergences.
Price is still below 50EMA & RSI 4H also below 50