WEEKLY
For GBPCHF my main bias is still Bearish.
We are currently sitting at a Weekly high zone, holding since April 2020.
Not only a Weekly high zone, also Supply & Demand zone.
We have a -27 Fib completion, so we can expect some downside momentum.
Nice indications on the Weekly chart.
For GBPCHF my main bias is still Bearish.
We are currently sitting at a Weekly high zone, holding since April 2020.
Not only a Weekly high zone, also Supply & Demand zone.
We have a -27 Fib completion, so we can expect some downside momentum.
Nice indications on the Weekly chart.
We are still making HHs and HLs on the Daily chart.
Impulse & relief with the trend: Bulls getting tired, bears gaining power.
You don't want to trade against the trend, we want a break of ascending trend line/last HL before considering a Short trade.
ALWAYS STAY NEUTRAL AND ANTICIPATE ON THE SITUATION.