GBPCHF Potential 250+ Pip Drop

9 באוג׳ 2022

GBPCHF has been in a range for a little over a month now and has recently broken that range to the downside. Based on price being below my weekly trend line, price being below the 4h EMA, and the extreme low volume environment that price is now entering, I expect price to fall to the 1.125 level before a rebound ensues. Remember to trade wisely and use proper risk management.