milTraderG

GBPCHF moving toward supply in a downtrend

Short
OANDA:GBPCHF   British Pound / Swiss Franc
I like this setup! The RSI is showing weakness after a strong move up on the daily chart. There is a quality supply zone formed in a downtrend, and the price still has room before it reaches its next target. I anticipate a retracement to that supply zone. Then, I suspect further movement downward is possible.

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