The pair is GBPCHF, and buyers are getting exhausted around this strong resistance line. Two things are needed to break through this resistance: High-impact news or another bear run to collect momentum need to violate this resistance: the latter is likely.
It may be safe to ignore any buy opportunities at the moment until decisive breakout to the upside or after price has extended its bear run.
______ *This is for entertainment purposes only and shouldn't be construed as investment advice.
Happy Trading!
Trade closed manually
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Trade liquidated at a small profit due to change in sentiment.