MortezaShiri
Short

GBPCHF Holds Below Resistance ?

FX:GBPCHF   British Pound/Swiss Franc
213 3 3
The price is the upper band of a trading channel in the Daily Chart and a powerful bearish AB=CD ( or N pattern) has formed on the upper band of the channel and it is accompanied by a Rejection bar. we will expect selling pressure
As long as the market keeps holding below 4819-4859 on a closing basis we remain bearish biased on this market.
Now, the price has come to the target area and those who followed our advice made a nice profit again :)

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exit from selling now , recommend staying aside until we see a clearer picture.
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MortezaShiri MortezaShiri
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