GBP/CHF Long-Term Trend: Bearish
Key Resistance Levels: 1.1861, 1.1953, 1.2135
Key Support Levels: 1.1704, 1.1597, 1.1506
The price on the higher time frame has been in a downtrend for quite some time. The pair made a few rejection wicks from the top and broke a support level of 1.2106 with good momentum. Another minor level of 1.1979 has been broken and we expect the trend continuation.
GBP/CHG Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. The price broke the support level of 1.1953 with good momentum and another level of 1.1861 has been broken and retested before continuing the momentum.
Sell Stop Order @ 1.1787
TP 1 @ 1.1691
TP 2 @ 1.1499
Stop Loss @ 1.1883
Trade Safely 🙂