📊 GBP-CHF CHART ANALYSIS

١٦ نوفمبر ٢٠٢٠

🌼 Currently running trade, our analysis here is based on the breakout below 1.20300 in line with our ABC Elliot waves correction, as the brexit uncertainties continues and the surge in covid cases we expect the sterling to drop further below 1.18000 price level again which sits on the trend support.

💭 In attached chart you could see the trend breakout and elliot wave correction on the H4 and the ranging chart on the D1 our entry in H1 TF below the bearish flag penant indicating a clear confirmation of a bearish call.

💚Regards
The NiclaxFX Team™️