GBPCHF is facing resistance at the current level, if it comes down from the current level, we might see the right shoulder forming a head & shoulder pattern. The downside target will be the neckline of the head & shoulder pattern. If it breaks the neckline, we further see a bigger downside towards the support line, as shown in the chart, which is a bi downslide for GBPCHF .

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Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.