GBPCHF: Great Shorting Opportunity Explained 🇬🇧🇨🇭
GBPCHF is trading within a major falling channel on a daily.
The price has recently reached its resistance line.
To catch a bearish move, watch an expanding wedge pattern on 2H.
While the price stays within its boundaries, the market will remain bullish.
Wait for a bearish breakout of its support as a signal to short.
Goals:
1.257
1.253
In case of a daily violation of a resistance line of a falling channel,
setup will be invalid and bullish continuation will be expected.
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