GBPCHF – Clear bearish market condition

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

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:

GBPCHF
GBPCHF

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.

Trade Safe!

Raul Lopez
http://www.protradingnow.com/

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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