GBPCHF: Hit TP and long term support level

Last week, the GBPCHF was in a bearish market condition, we shorted the GBPCHF and it hit the TP order. But now what? It stopped at the long term support level. Please take a look at the next chart:

GBPCHF
GBPCHF

Now need to wait for the GBPCHF to either, break that LT support level or bounce back from it. In order to see what is more likely to happen, I recommend you to take a close look to the short term charts.

My Trading Plan:

Wait for the GBPCHF to give further confirmation about its market condition.

Good luck!

Raul Lopez

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Raul Lopez

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 .