(4h) Bears @Throne // Harmonics // Bearish Structure / IF=THEN ®

FX:GBPCHF   Britisches Pfund / Schweizer Franken

As published already by Anilmangal, the weekly and monthly charts, we have this pair sinking in a strong bearish momentum;

I'm trying to find the best option to take the train in progress without falling into the rails (i hope you do not lose your legs and arms) ;) - I DO NOT sell any kind of service, so please do not take my technicals as "calls" ;) - Thanks

The idea is to take the structure breakout. RSI still synced, i believe the price will test the bearish channel that is forging, not so sure about the harmonic pattern at 127% extension, first because point C that is not totally "valid" as ratio, secondly, because we have a strong daily resistance @1.4315, eventually the price zone where majority of the Bears are sitting waiting to enter the market at this momentum, we must wait and take a close look When/IF the price get there;

Following this sense, as soon as the price hit that channel trendline or the daily resistance, i expect some reaction on RSI , some divergence and some bearish structure, some kind of a consolidation before resuming major trend.

Safe trades;
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Preise Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Schnellhilfe Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Schnellhilfe Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden