GBPCHF – Clear bearish market condition
The GBPCHF represents one of the best trade opportunities today. The GBPCHF was trading in a short term range (green lines) around a long term level (blue line), but a few hours ago, it broke through the bottom of the range:
What is most interesting about the GBPCHF market condition, is that the next LT level is at 1.5906. It is currently trading at 1.6396, we have more than 400 pips before we hit it.
Only short opportunities are in play.