GBPCHF: Bearish, looking for short opportunities

Written by Raul Lopez on . Posted in Trades & Analysis. Leave a Comment

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:

GBPCHF
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.

My Plan:

As long as the GBPCHF trades below 1.6745 I will be looking for short opportunities.

All long opportunities will be ignored

Trade Safe!
Raul Lopez
http://www.protradingnow.com/

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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 .

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