GBP/CHF short
After bouncing of strong weekly resistance level and making rising wedge pattern, the price also broke trandline. So, now I am expecting retracement to the trendline and further descending move. Also, MACD went below zero, price crossed down MAs and MA 10 have almost crossed down MA 20 on 4H chart. That gives us reasons to concider environment as bearish.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.