GBPCHF Squeeze

Dear Dynamic Traders,

The GBPCHF chart below shows price coming into a squeeze formation. The reason for posting a weekly chart is to show the bigger picture. Price has come down and then consolidated before doing another move down. Since then it has retraced to a Fib breather level. Given price has been in such a long term downtrend, indications are showing possible signs of a bearish flag. Whichever direction price decides to break out the smart money will be ready.














Good Trading!
Bijal Shah