GBPCHF: Structure Based Trade 🇬🇧🇨🇭

Short

British Pound / Swiss Franc (OANDA:GBPCHF)

Updated

OANDA:GBPCHF British Pound / Swiss Franc

Fibonacci Candlestick Analysis Supply and Demand trading Technical Analysis swissfranc priceaction GBPCHF

fibonacci candlestick supplyanddemand trading technicalanalysis swissfranc priceaction gbpchf

snapshot

What a cute bearish engulfing candle on GBPCHF.
After some local consolidation & indecision, we see a high momentum bearish candle on hourly
demonstrating us a strong bearish pressure.

Taking into consideration that the pair is very bearish on intraday perspective,
I expect a bearish move.

Goals:
1.263
1.258

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Comment:

Check my new analysis on USDCAD, SILVER (XAGUSD), EURGBP, WTI OIL:

MarketBreakdown | USDCAD, SILVER (XAGUSD), EURGBP, WTI OIL

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