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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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