Long term We have been consolidating for a some time now after some big downside moves and this pair seems to be heading lower after a deeper correction.
4 Hour. It looks like GBPCHF will attempt to break out of this wedge triggering buyers and then reverse.
I don't really have a setup to buy or sell as of yet, but this is the general direction I see this pair moving in. If price moves to the Green CTL according to plan I will consider shorting at the top, but well see.
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Price moved as expected. Now monitoring for short opportunities What we expected: