Hello and welcome to my Trade Idea of the currency pair GBP/CHF.
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe an bearish momentum.
Weekly: The weekly timeframe is bearish too but in the last few weeks there's been a pullback.
Daily: Daily is bullish but the price touched the daily resistance area and that's a possibility that we can go with the trend.
H4: On the h4 timeframe we draw the counter trendline. The price touched the resistance area and in combination he breaks the counter trendline. We expect a push to the h4 support.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe an bearish momentum.
Weekly: The weekly timeframe is bearish too but in the last few weeks there's been a pullback.
Daily: Daily is bullish but the price touched the daily resistance area and that's a possibility that we can go with the trend.
H4: On the h4 timeframe we draw the counter trendline. The price touched the resistance area and in combination he breaks the counter trendline. We expect a push to the h4 support.
Have a nice day.