Hello friends❤️
#GBPCHF
👉New forecast
GBPCHF has broken out of the upward channel,⤵️ indicating a potential shift in the trend. Notably, the price has also broken the 🔑 key level of 1.14000, which had held the price above for two months.
Furthermore, a reversal pattern known as a 🗿 head and shoulders formation has emerged, and the price has recently broken through its neckline,📉 providing bearish confirmation.✅ Given the fake breakout on the daily timeframe, I anticipate an impulsive decline 🔻 may be imminent. I expect the price to retest the resistance zone follwed a 🐻 bearish move.
🎯My goal is to support level around 1.11210
#GBPCHF
👉New forecast
GBPCHF has broken out of the upward channel,⤵️ indicating a potential shift in the trend. Notably, the price has also broken the 🔑 key level of 1.14000, which had held the price above for two months.
Furthermore, a reversal pattern known as a 🗿 head and shoulders formation has emerged, and the price has recently broken through its neckline,📉 providing bearish confirmation.✅ Given the fake breakout on the daily timeframe, I anticipate an impulsive decline 🔻 may be imminent. I expect the price to retest the resistance zone follwed a 🐻 bearish move.
🎯My goal is to support level around 1.11210
TradingView
Lingrid | GBPCHF Head and shoulders PATTERN. Short for FX:GBPCHF by Lingrid — TradingView
FX:GBPCHF has broken out of the upward channel, indicating a potential shift in the trend. Notably, the price has also broken the key level of 1.14000, which had held the price above for two months. Furthermore, a reversal pattern known as a head and shoulders…
Hello friends❤️
#GBPCHF
👉New forecast
GBPCHF is currently making lower lows, 🔻 indicating a bearish trend. Recently, it reached the 50% retracement level on the daily timeframe and is now near significant resistance at 1.12500, ⏬ along with the upper border of the channel. The price action has been in a consolidation zone 🐌 since April but it has broken through it.
Currently, the market is pulling back ⤴️ to retest the lower border of that consolidation zone. I believe we are witnessing a classic 📉 breakout-pullback-continuation scenario. The last two daily chttps://s3.tradingview.com/snapshots/7/7GbZvygm.pngandles are doji candles, suggesting indecision in the market. If the price breaks below the lows of those doji candles, we could see an ⚡️ impulsive leg down, confirming the bearish sentiment.
🎯My target is support level at 1.09875
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👉Leave a comment🙂
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🚀TOP Broker
💰Join my PRIVATE signals
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🌐Site - Lingrid.org
📩Contact @Lingrid✅
#GBPCHF
👉New forecast
GBPCHF is currently making lower lows, 🔻 indicating a bearish trend. Recently, it reached the 50% retracement level on the daily timeframe and is now near significant resistance at 1.12500, ⏬ along with the upper border of the channel. The price action has been in a consolidation zone 🐌 since April but it has broken through it.
Currently, the market is pulling back ⤴️ to retest the lower border of that consolidation zone. I believe we are witnessing a classic 📉 breakout-pullback-continuation scenario. The last two daily chttps://s3.tradingview.com/snapshots/7/7GbZvygm.pngandles are doji candles, suggesting indecision in the market. If the price breaks below the lows of those doji candles, we could see an ⚡️ impulsive leg down, confirming the bearish sentiment.
🎯My target is support level at 1.09875
———————————————
👉Leave a comment🙂
———————————————
🚀TOP Broker
💰Join my PRIVATE signals
➖➖➖➖➖➖➖➖➖➖
🌐Site - Lingrid.org
📩Contact @Lingrid✅
TradingView
Lingrid | GBPCHF breakout followed by PULLBACK and Continuation for FX:GBPCHF by Lingrid — TradingView
FX:GBPCHF is currently making lower lows, indicating a bearish trend. Recently, it reached the 50% retracement level on the daily timeframe and is now near significant resistance at 1.12500, along with the upper border of the channel. The price action has…