#GBPCHF, Is there an end to the declines or not yet?Important weekly support has been breached.
The red line above the green line within the Ichimoku cloud marks continued declines.
The gbpchf is below all the important moving averages.
Uncertainty in the UK weakens the pound.
Uncertainty in the global economy strengthens the chf
Target: 1.1480
Gbpchfsell
#GBPCHF Analysis+SignalThere is no need to extend words, You can see that the last time the gbpchf met the moving average 200 automatically he fell, We do not see why this will not happen now, Here too there will be a technical correction but not as sure as the previous time.
Sell GBPCHF
Entry Price: 1.3220
Stop Loss: 1.3370
Take Profit: 1.3080
GBPCHF - 150 PIPS + OPPORTUNITYDo not open any trades yet, wait for second high test. I personally have already opened a trade when it did it's high test before the last candle drop. Will keep it open or close it as the market gives more data as to which direction it wants to take.
GBPCHF has broken under the 4H 50 EMA and is failing to recover back on top. Following the drop, prices did a high test (weren't able to push for a move higher up). Thus, confirming it can't move back up.
We can expect a drop of 150 pips + after another high test happens shortly (Green candle with tick only on top of body and preferably no tick under the body) on the 4H chart.
Trade safe.
GBPCHF SHORT as we can see on GBPCHF a very nice bearish flag is forming so we can expect move to the downside after the break out! if price is aggressive we can ride this all the way down but if price is corrective then we need to get out because we can see move to the upside base on the big impulse on the left.