Hello traders, we want to check the GBPCHF chart on the 1-hour time frame. The price is moving in a descending channel and after breaking the support level between 1.12000 and 1.12200, it has pulled back. We expect this level to turn from a support level to a resistance level and maintain the downward trend of the price and cause the price to fall until the specified targets. Good luck.
GBPCHF sell Entry : 1.12065
Stop : 1.12630 , Target1 : 1.11500 , Target2 : 1.10920
Risk/Reward Ratio : 2
GBPCHF sell Entry : 1.12065
Stop : 1.12630 , Target1 : 1.11500 , Target2 : 1.10920
Risk/Reward Ratio : 2