GBPCHF Will Go Lower! Short!

٦ نوفمبر ٢٠٢٣

Take a look at our analysis for GBPCHF.

Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is trading around a solid horizontal structure 1.113.

The above observations make me that the market will inevitably achieve 1.109 level.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

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٢١ نوفمبر ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

Great news, our trade has finally paid off!