GBPCHF is all set to continue its downward movement!

The price is moving down within a descending channel. Right now, it bounced off the upper limit of the channel and hit a key weekly resistance. A candlestick pattern with a long upper wick and a small body has formed. Plus, the price has formed a triple top with lower highs. A short trade looks good based on price action and backed by volume analysis, which clearly shows a clear exhaustion of buyers. GBPCHF is moving towards the major volume activity price range around 1.12. On top of that, volume analysis backs this up, indicating that buyers are getting stronger and ready to push the price down.

Time Frame: daily

Idea support:
- Price action
- Volume Analysis
- Trend analysis

トレード稼働中

Entry: 1.128
TP: 1.115
SL: 1.1363

トレード終了: ストップロスに到達

Unfortunately, the price has reached the SL.

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