GBPCHF: confirmed bearish breakout.
Basicaslly we had a breakout below the cloud, a re-test retracement and now back to the South. Same goes for Chikou Span having crossed below historic closes, Tenkan-sen, Kijun-sen, re-tested Kijun sen and back down again.
The weekly chart is showing some similar bearish breakout which gives more chances for the new emerging bearish trend if price action breaks below the long-term support line.
The weekly chart is showing some similar bearish breakout which gives more chances for the new emerging bearish trend if price action breaks below the long-term support line.
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