GBPCHF – Still in a bearish market condition

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

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:

GBPCHF
GBPCHF

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/

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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