FxHiru

GBPCHF BEARISH

Short
FX:GBPCHF   British Pound / Swiss Franc
GBPCHF has broken his uptrend. Looking at the overall market, GBP is currently very weak and the trendline, which used to be a support axis before a pattern retest, has now been touched again. Due to the high volatility of the pair and the technical theories used for the stop loss method, you can see that the stop loss value is quite large. As an additional confirmation, the pattern is now ready to cross the 0 axis using the force index theory and below bull axis and the bull and bearish theorem detection method, so it is expected that an immediate breakdown will occur.
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