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Wait for downtrend confirmation and sell signal with GBPCHF

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Libra Esterlina/Franco Suíço (OANDA:GBPCHF)  
tradafx  
OANDA:GBPCHF   Libra Esterlina/Franco Suíço
Support and Resistance Fibonacci Parallel Channel GBP chf GBPCHF gbpchfshort Ascending Channel breakout
6
3
supportandresistance fibonacci parallelchannel gbp chf gbpchf gbpchfshort ascendingchannel breakout
H4 time frame.
Structure: Strong downtrend.
After a strong downward move, the price formed an ascending channel, this channel hit resistance at 1.26500.
Here, waiting for the price to break through the ascending channel and appear confirmation of the downtrend, then you can enter a sell order with GBPCHF.
The profit target is the 1.24000 price zone.
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