GBPCHF is moving further down and below 60 RSI

17 בפבר׳ 2020

The RSI has retraced below the 60 line on the daily chart, indicating that there is a downtrend on the lower timeframes. The next step we must take is to wait for the price to enter a quality supply zone, which is shown on the 30-minute chart. Once the price reaches this area of supply, we anticipate a further move down for a minimum of a 1:1 risk-reward ratio.