Last week I wrote about the GBPCHF, back then it was in a bearish market condition, and it still is in a bearish market condition. Even when the GBPCHF has done nothing but range, we are still looking for short opportunities:

So, if we get a significant pattern with downward pressure at the upper short term resistance level, I will definitely take my short.

I have my next LT resistance level in the GBPCHF is around 1.5906

Trade Safe!

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