Good afternoon fellow traders! ,
GBPCHF is looking like a beautiful play. On its recent price action , the weekly timeframe is now turning bearish. To confirm we will require a daily break below the daily higher low, followed by a continuation pattern before taking it the driver where buyers will be sitting.
On the daily the move to the downside has been sluggish. If we receive a break from the weekly resistance zone marked followed by a continuation pattern directed, we can take it to its bearish driver.
Trade safe!!!!!!!
Sunny Kumar
GBPCHF is looking like a beautiful play. On its recent price action , the weekly timeframe is now turning bearish. To confirm we will require a daily break below the daily higher low, followed by a continuation pattern before taking it the driver where buyers will be sitting.
On the daily the move to the downside has been sluggish. If we receive a break from the weekly resistance zone marked followed by a continuation pattern directed, we can take it to its bearish driver.
Trade safe!!!!!!!
Sunny Kumar
Comment:
Trade developing. Let's see . Reversal pattern seems to be playing out.
Comment:
Taking longer than expected .But once either breaks we look for continuation pattern on the lower time-frames.