GBPCHF: Bearish market condition, short opportunities in play
Since June, the GBPCHF is practically trading in between medium term ranges, once it breaks one range, it trades in another range, offering good trading opportunities. Please take a look at the next chart.
My trading plan
As long as the GBPCHF trades below 1.7810, I’ll have a bearish bias and actually will be looking for short trading opportunities. The next long term support level s around 1.7481.
All long signals will be ignored.