[Market Breakdown 2] GBPCHF

30 Oca 2021

WEEKLY

For GBPCHF my main bias is still Bearish.
We are currently sitting at a Weekly high zone, holding since April 2020.
Not only a Weekly high zone, also Supply & Demand zone.
We have a -27 Fib completion, so we can expect some downside momentum.
Nice indications on the Weekly chart.

30 Oca 2021

Not

DAILY

We are still making HHs and HLs on the Daily chart.
Impulse & relief with the trend: Bulls getting tired, bears gaining power.
You don't want to trade against the trend, we want a break of ascending trend line/last HL before considering a Short trade.

ALWAYS STAY NEUTRAL AND ANTICIPATE ON THE SITUATION.