• Vasily Trader

GBPCHF: Bearish Accumulation & Breakout

From the end of July, we saw a very nice bearish accumulation on GBPCHF.

The price was setting lower highs respecting the same low.

Yesterday, the price managed to break the previous low, setting a new lower low lower close on a daily.

Now the broken contracting area serves as a sell zone.

From that, I will expect a bearish swing.

Next goal - 1.24

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