Hello traders,
let’s hit them charts:
1. GBP/CHF
On Wednesday last week, we saw a strong rejection when price touched an area of value within an expanding descending channel. That was met by a pullback, and Friday closed with the sellers validating my bearish bias
This week, there is a high probability that price will travel 120 to 150 pips to the NPSZ
2. EUR/CHF
Just like the GBP/CHF, the EUR/CHF closed last week validating my bearish bias, after buyers got multiple rejection below the support zone and 200ma
This week, we may see an 80 to 90 pips drop to the NPSL
What say you?
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