GBPCHF One more bearish wave before longer term rise

Hi there,

In last GBPCHF post we were looking for longer term reversal on GBPCHF. But the price action we have seen so far is telling us GBPCHF is not ready for longer term reversal. So that means we still can see one more bearish wave before we start look for longer term buy on GBPCHF.

How you can trade on this chart.

1. Watch 15 minutes correction and look for sell

OR

2. Watch for the price to test the top again and look for sell from top.

It is trying to get sharp for downside. If you have traded on Our GBPCAD chart then you know what kind of setup we are having on GBPCHF. If not then please have a look under this chart for GBPCAD trade setup .

In case price clearly close above the previous high then it will change the bearish setup then we will look for longer term buy.

Good Luck.

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