GBPCHF***has formed a triple top pattern, Bearish reversal sign.

Jan 21

📉 GBPCHF Price Forecast 📉

GBPCHF has formed a triple top pattern at the top of the uptrend and broken down the neckline, signaling a bearish reversal. The pair is currently consolidating with repeated strong bearish candles forming around the order block.

Key confirmations include:
- Golden crossover of 200 EMA and 50 EMA, reinforcing the bearish momentum.
- The pair is taking resistance near the 50 EMA, presenting a solid selling opportunity.

🎯 Technical Target Levels:
- 1.1070
- 1.0940
📌 Note: Wait for clear price action near the current resistance for entry confirmation.

Kind Regards
TrendLogic1

yesterday

Note

📉 GBPCHF Trade Update 📉

Market Insight:
GBPCHF has broken out of our first order block and is now flying towards the next order block as expected. This zone could act as a potential reversal area, so we need to closely monitor price action. If the market rejects this level, we will wait for a clear reversal pattern before activating our trades.

Next Steps:
📌 Keep an eye on the next order block for a potential reversal.
📌 Look for confirmation signals like bearish engulfing, double top, or rejection wicks before entering.
📌 Stay patient—let the market come to us before executing trades.

Let’s wait for the perfect entry and maximize our profits! 🎯🔥