GBP/CHF POSSIBLE REVERSAL
The GBP/CHF 30M chart is indicating a possible directional shift. The pair has formed a descending triangle/wedge formation of sorts, with the bottom currently looking to be broken down. The next significant support zone is all the way down at the 1.5160 level, so we see this as a reasonable shorting entry area, with a fairly tight stop and a healthy reward margin.
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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.