An interesting pattern seems to be forming for the GBP/CHF cross (daily).
As we can see from the chart, there are some signs that might substantiate a bearish theory.
a) RSI has been in an overbought territory for several days
b) MACD looks like it is going to cross over
c) The Kimura Trading ‘Sniper Pattern’ showing a bearish Spinning TOP formation which might indicate a change in trend.
d) The 200 moving average has served as a strong resistance level since May 2018
Based on all the above, I think this might be a good change to go short the pair.
What are your views on this?
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