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FOREXN1
Aug 10, 2022 10:32 AM

GBP/CHF: Breakout and price are falling! SHORT Short

British Pound/Swiss FrancFXCM

Description

The GBP/CHF after sticking in a consolidation area for a while, finally today broke the 1.1500 support line and seems to fall down violently. The RSI turned Bearish, the Stochastic is going to enter into the oversold Area. The price is Below all the media moving average ( 50 + 200 ) and the forecast of Ichimoku it's already bearish. These clues are signs of a new strong Push down by this currency pair.

Comment

Comments
YMGroup
Logical chart ! I Like it, gvp can give good profit
FOREXN1
@YMGroup, Thanks you I appreciate !
TopTradingSignals
Best of luck bro!
FOREXN1
DeGRAM
Thank you for sharing your analysis.
FOREXN1
@DeGRAM, Cheers!
Solldy
As always, a great technical analysis and qualitative description. Thank you for that!
JoeChampion
Good idea, i agree on the classics strength. especially when it comes to the overbought GBP!
FOREXN1
@JoeChampion, Thanks for you comment :)
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