GBPCHF is showing pretty strong bearish divergence over the last three highs.
I mapped out the earlier historical highs and they still seem to have a lot of impact on price movement. The last highest high came up to the uppermost horizontal line.
Price hasn't put in a lower low yet so there's no solid reason to sell yet, still seems more likely that price will continue current upwards trend. As price draws nearer to that old high start looking out for a breakout
I mapped out the earlier historical highs and they still seem to have a lot of impact on price movement. The last highest high came up to the uppermost horizontal line.
Price hasn't put in a lower low yet so there's no solid reason to sell yet, still seems more likely that price will continue current upwards trend. As price draws nearer to that old high start looking out for a breakout