GBPCHF: Bearish, looking for short opportunities
After the wild swings we saw last Friday because of the NFP announcement, there are some good opportunities this week, one of those is the GBPCHF:
It is trading in a bearish market condition, just below the LT support level and below the ST range, meaning that only short opportunities are in play in the GBPCHF. We have plenty of room before it hits the next LT support level.
As long as the GBPCHF trades below 1.6745 I will be looking for short opportunities.
All long opportunities will be ignored