GBPCHF closed the day with a failed attempt to break above its 2 months high; achieved just 8days ago. Price faced massive sell-off immediately after, leading to the formation of a bearish counter trend Pin Bar. This setup interests the trade room as we will be looking to sell at about the 50% retracement region to limit the potential risk in this trade. The near term support (shown above) should interest buyers in the event that price is pushed lower into that zone.
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