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British Pound / Swiss Franc
Short

GBPCHF may reverse in Downtrend

45
As we have seen recent Bull run on GBPCHF, But now it has reached to its resistance forming a rising wedge with a bearish divergence on RSI. All these three factors are anticipating that a bearish movement will start after breaking this wedge. It may go in accumulation phase for a while on the resistance but it will be another factor to initiate your trades after its break dowwards.
MuneebUddin
Chart PatternsTechnical IndicatorsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTechnical IndicatorsTrend Analysis
MuneebUddin

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.