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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.
Omer Kambal
ChartAddicts
7/14/2021
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