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GBPCHF - 4hr Timeframe - Update on Short Opportunities

Short
OANDA:GBPCHF   British Pound / Swiss Franc
Following our daily timeframe overview and 4hr chart analysis (www.tradingview.com/...Short-Opportunities/) we can see that pricewise GBPCHF is squeezing in nicely at the top, in what would seem to be an extended wave 5 within the "ABC" correction.
On the 4hr and 60min timeframe charts, watch out for breaks to the downside of the small trend it has been forming in the last sessions.
Divergence also building up nicely on both 60min and 4hr timeframes.
A trade not to be missed, as it would potentially bring the pair at least to retest the lower weekly trend line in the 1.25 area, with potential further downside.
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Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.

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