Bearish Trend in GBPCHF
According with what I've noticed in this pair (new for me by the way) It came strongly bullish but based in my analysis this what could happen:
In MT4 I marked a monthly resistance at 1.33148 same marked in the chart
Besides the doji in that area the candles are smaller and I notice a little bigger bearish candlestick it means that the price wants to drop
Price respected that channel (bullish) but after the price lost its momentum, now looks like taking reversal direction
In MT4 I marked a monthly resistance at 1.33148 same marked in the chart
Besides the doji in that area the candles are smaller and I notice a little bigger bearish candlestick it means that the price wants to drop
Price respected that channel (bullish) but after the price lost its momentum, now looks like taking reversal direction
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