GBPCHF: Price Action Analysis & Forecast ๐ฌ๐ง๐จ๐ญ
https://www.tradingview.com/x/FqqaJGWU/
GBPCHF is testing a strong horizontal resistance.
Here are multiple bearish clues that I spotted after the test of the underlined area:
the market was rejected heavily, forming a sequence of rejection candles,
the price formed a head and shoulders pattern and broke its horizontal neckline,
the pair violated a support line of an expanding wedge pattern.
I believe that the market will most likely drop lower soon.
Goals: 1.1117
โค๏ธPlease, support my work with like, thank you!โค๏ธ
GBPCHF is testing a strong horizontal resistance.
Here are multiple bearish clues that I spotted after the test of the underlined area:
the market was rejected heavily, forming a sequence of rejection candles,
the price formed a head and shoulders pattern and broke its horizontal neckline,
the pair violated a support line of an expanding wedge pattern.
I believe that the market will most likely drop lower soon.
Goals: 1.1117
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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