FullTimeTrader

GBPCHF-correction finishing at the 0.61 fib

FX:GBPCHF   영국 파운드/스위스 프랑
22
This setup reminds me the EURUSD last week (see below)
Two equal legs correcting at the 0.61 fib retracement.
Price is making an attempt to rally but most probably will fail.
We have also:
- double top with hidden bearish divergence on RSI
- Strong resistance at the 0.61 fib
- bearish cypher on H4 TF still in play
- W1 convergence (lower low) showing price is making a trend change
Best regards.
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