GBPCHF: Great Shorting Opportunity Explained 🇬🇧🇨🇭

Jul 30, 2021

GBPCHF is trading within a major falling channel on a daily.
The price has recently reached its resistance line.

To catch a bearish move, watch an expanding wedge pattern on 2H.
While the price stays within its boundaries, the market will remain bullish.

Wait for a bearish breakout of its support as a signal to short.

Goals:
1.257
1.253

In case of a daily violation of a resistance line of a falling channel,
setup will be invalid and bullish continuation will be expected.

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