ForecastCity

💡Don't miss the great sell opportunity in GBPCHF

Short
FX:GBPCHF   British Pound / Swiss Franc
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.21360).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. GBPCHF is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.

Take Profits:
TP1= @ 1.20530
TP2= @ 1.19840
TP3= @ 1.19180
TP4= @ 1.18110
TP5= @ 1.16850

SL: Break Above R2

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