Bearish movement in GBPCHF or Consolidation continuation
Updated
Strong suggestion of a bearish continuation for now. Low volume means a possible prolonged consolidation period that could see ranging until Tuesday.
Rejection at the violation zone (box below) would validate the ranging warranting a break and retest of it with some big engulfing moves.
Rejection at the violation zone (box below) would validate the ranging warranting a break and retest of it with some big engulfing moves.
Trade closed: target reached
Got a nice pip gain on the sale before it bounced up off the zone.
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