GBP/CHF Analysis

il y a 5 jours

🔻 Trend Direction:
The trend is clearly bearish, with strong selling momentum dominating the GBP/CHF currency pair. The price has broken below key levels and is showing no immediate signs of reversal, indicating a strong continuation of the downtrend.

💡 Key Observations:
1️⃣ The strong sell-off aligns with the saying, "Let the trend be your friend," as the bearish momentum is evident.
2️⃣ Price is heading toward key support zones, as highlighted in the chart.
3️⃣ Potential support levels around 1.1185 and 1.1135, where the price may slow down or reverse.

📌 Trading Idea:
Consider short positions if the bearish momentum continues, aiming for the support zones.
Stay cautious around these areas, as they could trigger reversals or consolidation.

🚨 Risk Management:
Place stop-losses above 1.1230 or higher to protect against unexpected pullbacks.
Use proper risk management strategies and monitor price action at key levels.