GBPCHF: Bearish market condition, short opps in play

Written by Raul Lopez on . Posted in Trades & Analysis.

Even though today is a holiday in the US and Canada, and the volume is expected to drop down, we still have a few opportunities today, and one of them might be the GBPCHF. Just broke the long term support level and it will probably head down to the next LT support level:

GBPUSD
GBPUSD

It has clearly broken the long term support level at 1.6290

My Trading Plan:

As long as the GBPCHF continues to trade below 1.6238 I will be looking for short trading opportunities. All take profit orders will be placed above the next LT support level around 1.5906

Al long trading opportunities will be ignored.

Trade Safe!

Raul Lopez

Forex Crosses, gbpchf, GBPCHF analysis

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 .
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