The pair has been flattish most of last week. Let's be patient and wait for the next leg movements.
I see the pair potentially moving up a little to test the resistance at 1.2640/60 before it comes crashing down.
Trade Execution
I would like to see some rejection candles at the resistance.
Ideally it can create a bearish pattern completing at the resistance levels for a good short.
I see the pair potentially moving up a little to test the resistance at 1.2640/60 before it comes crashing down.
Trade Execution
I would like to see some rejection candles at the resistance.
Ideally it can create a bearish pattern completing at the resistance levels for a good short.
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GBPCHF completing the bearish Bat pattern. I would like to see price getting rejecting at this PRZ before going short.
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Last update on this post.
On hindsight, looks like the 1.2550 horizontal support was indeed a very strong one.
On hindsight, looks like the 1.2550 horizontal support was indeed a very strong one.