GBPCHF is trading in down channel
Price is below HVN at level 1.2042 which indicates that pair is in distribution
phase
Pair is based below Key level at 1.1835
Below SMA 100
RSI is in downtrend
we r waiting price to break support level at 1.1730 to open short trade
First target will be around level 1.1418 which corresponds to 161.8% Fibonacci level
Second target will be at level 1.1250 which corresponds to 88% Fibonacci level of harmonic pattern
Price is below HVN at level 1.2042 which indicates that pair is in distribution
phase
Pair is based below Key level at 1.1835
Below SMA 100
RSI is in downtrend
we r waiting price to break support level at 1.1730 to open short trade
First target will be around level 1.1418 which corresponds to 161.8% Fibonacci level
Second target will be at level 1.1250 which corresponds to 88% Fibonacci level of harmonic pattern
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.
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.