GBPCHF – Bearish in the LT charts

The GBPCHF was today’s best opportunity and it could be this week’s opportunity. Lets take a look at the weekly chart:

GBPCHF
GBPCHF

Just broke through an important LT support level and the next LT support level is more than 400 pips away from where the GBPCHF is trading right now. Keep an eye open on this one.

Trade Safe!

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

Tags:


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 .


  • Smi

    this traded went well yesterday..31/08/10
    it has bounced off lops 1 this morning and is retracing…thanks for your guidance on this pair.
    p.s.
    the planned webinar on 1/092010 did not launch this morning!

  • smi

    this was a very good example off seeing the market behave in real time, as planned…now I understand the statements:
    -”plan the trade and then trade the plan
    – trade smart and not often

    Thank you…you are one of the best mentors any beginner student can wish for