GBPCHF: Price Action Analysis & Forecast 🇬🇧🇨🇭

GBPCHF is testing a strong horizontal resistance.

Here are multiple bearish clues that I spotted after the test of the underlined area:

the market was rejected heavily, forming a sequence of rejection candles,
the price formed a head and shoulders pattern and broke its horizontal neckline,
the pair violated a support line of an expanding wedge pattern.

I believe that the market will most likely drop lower soon.
Goals: 1.1117

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