John_Mwaniki

GBPCHF Analysis: Price may fall towards the trendline

Short
OANDA:GBPCHF   British Pound / Swiss Franc
Price has already broken the structure from the lower side on hourly time frame and is retesting the breakout.
Price has previously respected a trendline a number of times.
It may fall as a result of the breakout as well as it to test the trendline for another time.
This setup will only be valid if the price does not manage to break back into the structure and retests the breakout successfully.

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