💡Don't miss the great sell opportunity in GBPCHF
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.2508).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPCHF is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 35
Take Profits:
TP1= @ 1.2468
TP2= @ 1.2438
TP3= @ 1.2409
TP4= @ 1.2376
TP5= @ 1.2338
SL: Break Above R2
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