GBPCHF: Interesting market condition

Please take a look at the GBPCHF daily chart:

GBPCHF
GBPCHF

Interesting isn’t it? The GBPCHF is trading in a very well defined long term range, if you look at this in the weekly chart you’ll see it even clearer. What caught my attention though is the downward pressure present just at the top of the range. Right now we are already in a bearish market condition and I will be looking for short trade opportunities (until we hit the next LT level, but why not, I would be willing to hold my trade for the bottom of the range if there is enough momentum, it could take a while though… see how many days it took the GBPCHF to go from bottom to top?).

Anyway, I thought it was interesting…

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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 .