GBPCHF analysis 16.04.2020
A round intermediate level of 1.2150 holds back the bulls. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. The inclined channel of the ascending pattern is broken through presumably by the first wave of the forming pattern 1-2-3.
Trading recommendations:
Sell while a pattern 1-2-3 is forming, below 1.2037.
Stop loss: 1.2150.
Target levels: 1.1937; 1.1715; 1.1520.
If the local maximum is updated, cancel the trading plan.
The GBPCHF rate online: monitor the movement of the pair in real time.
