Last week we had the GBPCHF in a bearish market condition, but yesterday it was rejected from an important LT level (previously I didn’t have any level there, but this one was the second rejection, so we adapt).
Here is the short term chart:
Now, I’m in a dilemma now, because I had an important LT level at 1.5369, but the previous swing didn’t stop or the market wasn’t rejected at that level, it didn’t take into consideration that level, so I’m thinking about removing that level (adapting again to the market conditions).
We’ll see what happens…
Tags: GBPCHF analysis