GBPCHF ANALYSIS
WE ENCOUNTER A DEFINED TREND LINE WHICH THE MARKET BROKE AND AT THE MOMENT IS USING IT AS A RESISTANCE CREATING A TRIANGLE PATTER(SEE WICKS OF THE CANDLES, THE OBEY THE PATTERN)
-WHAT DO WE DO NEXT?
- THE MARKET FORMED A TRIPLE TOP WITH ENDING UP AN VALID ENGULFING ENTRY TO THE DOWNSIDE
- THE MARKET TOUCHED OUR UPPER TREND LINE, TELLING US THERE A POSSIBILITY OF A DOWN MOVE
-WHAT DO WE DO NEXT?
- THE MARKET FORMED A TRIPLE TOP WITH ENDING UP AN VALID ENGULFING ENTRY TO THE DOWNSIDE
- THE MARKET TOUCHED OUR UPPER TREND LINE, TELLING US THERE A POSSIBILITY OF A DOWN MOVE
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