• Vasily Trader

GBPCHF: Great Confirmation to Short

GBPCHF broke and closed below a key daily level on Friday.

Then the market retested the broken structure.

Analyzing the pair with my students this morning, we spotted a nice confirmation:

the price formed a rising wedge pattern.

With its bearish breakout, I believe chances are high to see a bearish continuation.

Initial goal - 1.244