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.
I’ve been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .