GBPCHF: ATL Breakout

I noticed confluence over on the GBPCHF pair. Here's the breakdown on the daily and H1 timeframes.

Daily Timeframe:

• EMA20 is below EMA60 > downtrend structure
  
• Price is also bouncing below EMA20 > confirms downtrend
  
• Price also holding below HTL based on previous end at bearish candle
  

H1 Timeframe:

• Price is exiting the EMA band > momentum has high potential to accelerate lower
  
• EMA20 is below EMA60 and expanding > confluence that momentum is accelerating