GBPCHF is looking like a long Bearish movement
I believe that the all GBP pairs are looking somewhat bearish after an extended period of the Bullish Market since the beginning of this year.
1. I Drew my trend line from October of last year and and finally came back up and retested underneath the trend line on March 21, 2018.
2. On the daily time frame, there was major divergence on the TDI/RSI indicator. (Check the black line on the TDI/RSI below)
3. On the Daily, the RSI is at 80.00 points which indicates the market has been in such a bullish market for a long period of time.
4. I drew a trend another trend line from March 2 all the up to now and its the first the market broke the trend line.
5. On the 4 hour, there is another hidden divergence on the TDI on March 19, at 5:00 Pm eastern time and March 21, at 17:00 hours, compare to the chart The market is still in continuation to the upside.
6. It hit my Daily supply zone for the first time since Earlier of last year.
7. It created a head and shoulders right after the Harmonic Pattern.
8. Harmonic Pattern.
9. On the one hour time frame it just retested the bottom of the ultimate trend line that I drew from late of last year.
10. On the 15 min, the market is creating Lower Highs and Lower Lows
11. The market sentiment ( yellow line) is above the candlesticks, which is showing a down trend on the 15 minute.
1. I Drew my trend line from October of last year and and finally came back up and retested underneath the trend line on March 21, 2018.
2. On the daily time frame, there was major divergence on the TDI/RSI indicator. (Check the black line on the TDI/RSI below)
3. On the Daily, the RSI is at 80.00 points which indicates the market has been in such a bullish market for a long period of time.
4. I drew a trend another trend line from March 2 all the up to now and its the first the market broke the trend line.
5. On the 4 hour, there is another hidden divergence on the TDI on March 19, at 5:00 Pm eastern time and March 21, at 17:00 hours, compare to the chart The market is still in continuation to the upside.
6. It hit my Daily supply zone for the first time since Earlier of last year.
7. It created a head and shoulders right after the Harmonic Pattern.
8. Harmonic Pattern.
9. On the one hour time frame it just retested the bottom of the ultimate trend line that I drew from late of last year.
10. On the 15 min, the market is creating Lower Highs and Lower Lows
11. The market sentiment ( yellow line) is above the candlesticks, which is showing a down trend on the 15 minute.
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