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jojofang0901

GBPCHF Watch for this bearish reversal

Short
British Pound / Swiss Franc (OANDA:GBPCHF)  
jojofang0901 Updated   
OANDA:GBPCHF   British Pound / Swiss Franc
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern


Hello traders:

GBPs lately have been bearish across the board, and certainly is looking so on GBPCHF.

We can see price action formed an ascending channel/wedge structure, correcting the price to the previous swing high.

This is a good indication the bullish momentum is exhausted, and we can expect a reversal price action.

We then see a sharp bearish impulse down, breaking out of the correction. Good sign or further bearish continuation down.

Wait for LTF continuation correction here to get in on the bearish run.

Thank you
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