Time to short GBPCHF?
GBPCHF has alligned perfectly for a correction here. We saw impulsive movements earlier in the month, which are now followed up by a corrective phase. As of now, we are bearish as GBPCHF rejects off the 61,8% fib level and is signaling a drop soon. Should we see price exit the rising wedge, we could safely enter, but for those interested in an aggressive entry method, like me, we go in now with a stop loss above the previous High. Let's see what this pair can bring us in.
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