Bearish drop off multi swing high resistance?

12月11日

GBP/CHF is reacting off the resistance level which is a multi swing high resistance and could drop from this level to our take profit.

Entry: 1.8094
Why we like it:
There is a multi swing high resistance level.

Stop loss: 1.8242
Why we lik eit:
There is a resistance level at the 127.2% Fibonacci extension.

Take profit: 1.7912
Why we like it:
There is a pullback support that is slightly above the 38.2% Fibonacci retracement.

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