GBPCHF: Momentum lost with each test of support
The market has tested this support level 3 times with more buying momentum depleting after each test. Now that the market is consolidating at support, it indicates that there are few buyers left and a down move is coming.
I'll be waiting for a break and retest of support before shorting until the next support level which is a daily support level at 1.29500.
YEARN-FOREX
I'll be waiting for a break and retest of support before shorting until the next support level which is a daily support level at 1.29500.
YEARN-FOREX
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