GBP/CHF 1H Chart Emerging Pattern: Channel Down

On a one-hour chart of GBP/CHF we have spotted a nascent channel down pattern that suggests more weakness in the Sterling in the future. However, market participants are not convinced that the pair is bearish—54% of them are long and 46% are short. The reason could be the support line at 1.4309. If this level is to be respected, we could see a descending triangle being formed. CHF/JPY 1H Chart Emerging Pattern: Channel Up After breaching the 200-period SMA CHF/JPY has been consistently

Scan to Donate Bitcoin
Like this? Donate Bitcoin to at:
Bitcoin 1Br7r3ak9X1LtcQ5YtGqmFZt7vGBDnHG3R
Donate
 Name: Email: We respect your email privacyPowered by AWeber Autoresponder 

read more forex trading strategies

Tags:

Loading Facebook Comments ...