damianngema

POUND WEAK AGAINST SWISS FRANCK

Short
OANDA:GBPCHF   British Pound / Swiss Franc
A SECOND OPPORTUNITY ON THIS PAIR, AND HERE'S WHAT IT LOOKS LIKE TO ME.

PRICE IS CURRENTLY IN AN EXHAUSTIVE OR CORRECTIVE PHASE MEANING THAT WE'RE LOOKING TO TAKE ADVANTAGE OF POSSIBLE CONTINUATION AFTER THIS WEEKLY RETRACEMENT. I'M WAITING FOR THE BREAK OF DAILY SUPPORT LEVEL 1.29200. I'D PREFERABLY LIKE TO SEE A STRONG BEARISH CANDLE TO SHOW A NICE BREAK OF THAT LEVEL, FOLLOWED BY A RETEST. AND WE CAN RIDE PRICE TO 1.4600

POUND IS ALSO WEAK ACROSS THE BOARD, WITH GBPUSD,GBPCAD, GBPJPY AND GBPAUD ALL SELLING.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.