Following up on GBPCHF, our last position worked well thanks to the Falling Three Methods pattern. After that, we saw some back-and-forth, but as advised earlier, it could be a good time to get back in.
We've spotted a bearish pattern near the moving averages which typically signals a good time to sell. That said, we're also near a strong support level from a longer-term perspective, meaning the price might bounce back up.
If you see signs of a shift in the market trend, like a break through the moving averages, it might be wise to exit early to manage your risk.
Remember, informed decisions make for successful trades.