CyclicalWaves

GBPCHF; On The Verge Of Collapse

Short
FX:GBPCHF   British Pound / Swiss Franc
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3
After a sharp rally, bulls failed twice to break above the harmonic resistance created by the bearish Shark pattern. If 1.5054 support is broken, we will expect an increase in selling pressure which will drive price lowers towards green levels.

Our suggested stop loss level is also shown on the chart by a red line.

Good luck,

Ali Sharif Azadeh, CFTe

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