GBPCHF Potential Bearish Movement
we are waiting for a momentum candle close below 1.1820 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Trendline (in blue)
3- Objective Head and Shoulders (in orange)
4- Resistance / Round number in purple from Daily 1.210 (in purple)
Four confluences are enough to consider Selling GBPCHF, after a break below 1.1820 (in gray)
we are waiting for a momentum candle close below 1.1820 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Trendline (in blue)
3- Objective Head and Shoulders (in orange)
4- Resistance / Round number in purple from Daily 1.210 (in purple)
Four confluences are enough to consider Selling GBPCHF, after a break below 1.1820 (in gray)
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal