GBPCHF – Short signal

Its clear that the GBPCHF is trading in a bearish market condition, the evidence: trading around historical lows. Earlier this morning it broke through an important support level and retraced back giving me a signal to go short:

Here are the details of my trade:

Entry: 1.3321
SL: 1.3387
TP: 1.3107

I’ll feel more comfortable once it breaks the ST support level… and even more comfortable once it hits my take profit order :)

Trade Safe!

Have a good week ahead!

Raul Lopez
Free Forex Education

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 .