GBPCHF daily TA

٢٤ يناير ٢٠١٦This analysis should be taken into consideration with the assistance of the weekly view. That being said, if the red arrow is really the beginning of a new major trend, then we need to see a corrective bullish structure which will halt at the ML. I expect to see that the Stoch will signal a bullish opportunity and will fail. This failure will be a confirmation for the bearish trend. But not until I see a hard confirmation will I take action.