GBP/CHF presently mark: 150.700
Forecast: SELL
H4 Key points:
Top Resistance: 156.500
1st Support/Floor: 149.000
Channel: down
Alligator: down
Price is at the top line of the descending channel. Probably will return from now on its downtrend path breaking support/floor. Sell now with setting SL few pips above the referred line. The main trend is clearly down. By the other hand if price breaks-up the channel line consistently then probably it will be a trend reversion signal.
Forecast: SELL
H4 Key points:
Top Resistance: 156.500
1st Support/Floor: 149.000
Channel: down
Alligator: down
Price is at the top line of the descending channel. Probably will return from now on its downtrend path breaking support/floor. Sell now with setting SL few pips above the referred line. The main trend is clearly down. By the other hand if price breaks-up the channel line consistently then probably it will be a trend reversion signal.
