GBPCHF: Very Bearish Signal Confirmed

351
I believe GBPCHF is showing strong bearish signals.
A significant head and shoulders pattern has formed on the 4-hour chart, with the price respecting the 1.1471 - 1.1450 resistance level and reversing from there.

Today, the previously highlighted blue area was breached, confirming the continuation of a bearish trend. The next target is expected to be between 1.1397 and 1.1344.

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.