GBPCHF: Great Confirmation to Short 🇬🇧🇨🇭

Short

Livre sterling / Franc suisse (OANDA:GBPCHF)

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OANDA:GBPCHF Livre sterling / Franc suisse

wedgepattern supportandresistance mtfa gbp chf gbpchf trading technicalanalysis

GBPCHF broke and closed below a key daily level on Friday.
Then the market retested the broken structure.

Analyzing the pair with my students this morning, we spotted a nice confirmation:
the price formed a rising wedge pattern.
With its bearish breakout, I believe chances are high to see a bearish continuation.

Initial goal - 1.244

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