The GBPCHF has been creating lower lows and lower highs for a few weeks.
- On the Daily chart yesterday's close made a LH & LL. - Permission to Sell.
-4hrly chart under the weekly CPP and support has been broken at 1.08209.
-Hrly - waiting for a restest of the CPP and the 21ema at this level to take it sell with confirmation - ie, LH and LL on 1min chart.
Target 1 - 1.0781
Target 2- 1.0765/1.0777 (Dly M1)
Target 3 - 1.0735 (Wkly S1)
Contradictions.
Possible support
Watching for closes at 1.08031, 1.07825,1.07567
- On the Daily chart yesterday's close made a LH & LL. - Permission to Sell.
-4hrly chart under the weekly CPP and support has been broken at 1.08209.
-Hrly - waiting for a restest of the CPP and the 21ema at this level to take it sell with confirmation - ie, LH and LL on 1min chart.
Target 1 - 1.0781
Target 2- 1.0765/1.0777 (Dly M1)
Target 3 - 1.0735 (Wkly S1)
Contradictions.
Possible support
Watching for closes at 1.08031, 1.07825,1.07567
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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.