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GBPCHF | Bearish Parallel Channel

British Pound / Swiss Franc (OANDA:GBPCHF)  
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OANDA:GBPCHF   British Pound / Swiss Franc
Trend Analysis Chart Patterns Harmonic Patterns GBPCHF gbpchfshort gbpchflong
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trendanalysis chartpattern harmonicpatterns gbpchf gbpchfshort gbpchflong

GBPCHF is trading in a bearish parallel channel, the current price action is at the top of the channel, which also formed double on shorter timeframe. We are expecting bears to be active from here and push the price to downward.

To negate this view, bulls need to show strength and void the double top, this way we have a breakout and long position can be taken.

Trade your levels accordingly.
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