GBPCHF - 4hr Timeframe - A downtrend could be commencing, now.

After a long and extenuating correction to the upside, GBPCHF could be ready for some downside now. Possibly, this could be the beginning of a weekly downtrend that has been hesitating for an extensive period of time:

Leaving said analysis aside for the moment, what is interesting to us is that, even if we could hypothetically be in an uptrend on the weekly, to continue this uptrend the pair should at least go for a major correction to the downside on the daily timeframe. If not, as said, the pair will resume the weekly downtrend that we published in the above forecast. Reason for which, from now on, considering both the above scenarios, we will only be looking for sell setups on this pair. From a strategic perspective, if you aren't in the sell from the 60min trend at the top, we would wait for a 4hr impulse to the downside to complete itself, then we would wait for a small flag as a correction of said impulse, even better if it comes around or below the 4hr trend line, and we would then sell the break of said correction with a stop loss above it.

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