GBPCHF is forming a symmetrical pattern that indicates the indecisiveness in the trend of GBPCHF. We might see a breakout from the symmetrical pattern soon, as it is at endpoint of pattern forming. Once we get the breakout from the pattern, we might see a clear trend in GBPCHF. Waiting for a breakout is best action for this pair for a shorter time frame.
If You...
GBPCHF is facing resistance at the current level, if it comes down from the current level, we might see the right shoulder forming a head & shoulder pattern. The downside target will be the neckline of the head & shoulder pattern. If it breaks the neckline, we further see a bigger downside towards the support line, as shown in the chart, which is a bi downslide...
