GBP/CHF. Clear Sell After Break Out -- Good luck
💲 Pair Name : GBP/CHF
Time Frame : 1 analysis / 4hr'
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
âž• Key Technical / Reason's Short
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🗒 Description
The price is now trading within the symmetrical triangle pattern and is also trading within a descending channel. The most accurate view is landing
It is expected to drop with the break of the 1.26950 area. This area has many reasons to enter through it
- The first reason
The breakout area of a strong pattern is a symmetrical triangle
- The second reason
Breaking a very high liquidity area on the Volume profile, which supports the further decline
- third reason
break value volume fixed
- The fourth reason
The price is walking within the framework of a descending channel with also breaking the 1.27500 area, as it is an exchange of roles that supports the decline with its break, and indeed the price broke it
- Fifth reason
Weekly minimum break with entering the illiquidity zone
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