Reading price, we can see that GBPCHF has been creating lower highs. the most recent price action has created a strong shift below previous areas of support. this shift in momentum has created a new lower low and lower high with a double top formation in confluence to strong wick rejection. If price can hold below this area, we can anticipate shorts down to 1.25700.
*Forex is a leveraged product and may not be suitable for you as it carries a high degree of risk to your capital, and you can lose more than your initial investment. You should ensure you understand all the risks. By undertaking these types of high-risk trades, you acknowledge that you are trading with your available risk capital and any losses you may incur will not adversely affect your lifestyle. The high degree of leverage can work against you as well as for you."