GBPCHF retested broken uptrendline
Price rejected from key level and 50% Fibonacci level of preceding bearish wave at 1.2713
Below SMA 100
MACD shows bearish momentum
RSI is in downtrend
Price is based below HVN at level 1.2675 which indicates that pair is in distribution phase
It's expected for price going down towards demand zone at level 1.2531
Price rejected from key level and 50% Fibonacci level of preceding bearish wave at 1.2713
Below SMA 100
MACD shows bearish momentum
RSI is in downtrend
Price is based below HVN at level 1.2675 which indicates that pair is in distribution phase
It's expected for price going down towards demand zone at level 1.2531
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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.