The GBPCHF has been creating lower lows and lower highs for a few weeks.
- On the Daily chart yesterday's close made a LH & LL. - Permission to Sell.
-4hrly chart under the weekly CPP and support has been broken at 1.08209.
-Hrly - waiting for a restest of the CPP and the 21ema at this level to take it sell with confirmation - ie, LH and LL on 1min chart.
Target 1 - 1.0781
Target 2- 1.0765/1.0777 (Dly M1)
Target 3 - 1.0735 (Wkly S1)
Contradictions.
Possible support
Watching for closes at 1.08031, 1.07825,1.07567
- On the Daily chart yesterday's close made a LH & LL. - Permission to Sell.
-4hrly chart under the weekly CPP and support has been broken at 1.08209.
-Hrly - waiting for a restest of the CPP and the 21ema at this level to take it sell with confirmation - ie, LH and LL on 1min chart.
Target 1 - 1.0781
Target 2- 1.0765/1.0777 (Dly M1)
Target 3 - 1.0735 (Wkly S1)
Contradictions.
Possible support
Watching for closes at 1.08031, 1.07825,1.07567
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