GBPCHF***has formed a triple top pattern, Bearish reversal sign.
📉 GBPCHF Price Forecast 📉
GBPCHF has formed a triple top pattern at the top of the uptrend and broken down the neckline, signaling a bearish reversal. The pair is currently consolidating with repeated strong bearish candles forming around the order block.
Key confirmations include:
- Golden crossover of 200 EMA and 50 EMA, reinforcing the bearish momentum.
- The pair is taking resistance near the 50 EMA, presenting a solid selling opportunity.
🎯 Technical Target Levels:
- 1.1070
- 1.0940
📌 Note: Wait for clear price action near the current resistance for entry confirmation.
Kind Regards
TrendLogic1
GBPCHF has formed a triple top pattern at the top of the uptrend and broken down the neckline, signaling a bearish reversal. The pair is currently consolidating with repeated strong bearish candles forming around the order block.
Key confirmations include:
- Golden crossover of 200 EMA and 50 EMA, reinforcing the bearish momentum.
- The pair is taking resistance near the 50 EMA, presenting a solid selling opportunity.
🎯 Technical Target Levels:
- 1.1070
- 1.0940
📌 Note: Wait for clear price action near the current resistance for entry confirmation.
Kind Regards
TrendLogic1
Note
📉 GBPCHF Trade Update 📉
Market Insight:
GBPCHF has broken out of our first order block and is now flying towards the next order block as expected. This zone could act as a potential reversal area, so we need to closely monitor price action. If the market rejects this level, we will wait for a clear reversal pattern before activating our trades.
Next Steps:
📌 Keep an eye on the next order block for a potential reversal.
📌 Look for confirmation signals like bearish engulfing, double top, or rejection wicks before entering.
📌 Stay patient—let the market come to us before executing trades.
Let’s wait for the perfect entry and maximize our profits! 🎯🔥
t.me/TrendLogic1
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t.me/TrendLogic1
🌐Join Our VIP Telegram Trading Community! 📊
🔹High-accuracy trading signals for XAUUSD, Forex, & Crypto.
🎯Join now and take your trading to the next level!
t.me/TrendLogic1
🌐Join Our VIP Telegram Trading Community! 📊
🔹High-accuracy trading signals for XAUUSD, Forex, & Crypto.
🎯Join now and take your trading to the next level!
t.me/TrendLogic1
Related publications
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.