GBPCHF is trading within a major falling channel on a daily.
The price has recently reached its resistance line.
To catch a bearish move, watch an expanding wedge pattern on 2H.
While the price stays within its boundaries, the market will remain bullish.
Wait for a bearish breakout of its support as a signal to short.
Goals:
1.257
1.253
In case of a daily violation of a resistance line of a falling channel,
setup will be invalid and bullish continuation will be expected.
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✅Join My Telegram Channel: t.me/VasilyTrading
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Related publications
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.