GBPCHF – Close to exhaustion

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Monthly: A bearish Elliott Wave pattern (5-waves) was compete at the 2011 low of 1.1462. Price action is holding within a triangle formation (115 months of mixed trading).  Trend of higher lows is located at 1.1966 Weekly:  Trading within a bearish channel formation. Last week’s price action posted a bullish outside candle, often an indication that the downward move has come to an end. This was...

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