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luvo87d
Mar 21, 2024 5:39 PM

GBPCHF Sell signal Short

British Pound vs Swiss FrancBlackBull Markets

Description

Today presents promising opportunities for selling. Upon analyzing the market dynamics within the H4 timeframe, it becomes evident that a bearish trend has been prevailing since July of last year. However, a corrective phase commenced on December 28th and persists to this day. Currently, the market has reached a resistance level, indicating favorable conditions for selling positions. Additionally, the anticipation surrounding today's interest rate announcement adds further weight to this analysis. Should the interest rates remain unchanged, it may catalyze selling activity.
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