GBPCHF: Small up move, then DROP or A straight DROP

26 בינו׳ 2023

The GBPCHF currency pair is currently experiencing a period of consolidation. Traders should exercise caution and closely monitor market movements as the market determines its direction. While there is a higher likelihood of a DECLINE in the pair, it is advisable to WAIT for market makers to move the price up to the supply zone between 1.14233 and 1.14054 in order to deplete the liquidity of early sellers before considering a SELL position. Once this occurs, it would be appropriate to seek out valid selling OPPORTUNITIES. At this time, it is advisable to adopt a wait-and-see approach and closely monitor market developments.

Because there is liquidity on both sides, straightaway drop is also possible.

This is my opinion.