GBPCHF – Trading around historical lows, looking for shorts

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

Earlier today, the GBPCHF broke through the ST support level triggering a bearish market condition, it also broke the previous low and now it is trading around historical lows. I’m currently looking for short opportunities in the GBPCHF:

As long as the GBPCHF keeps trading below 1.3267 I’ll be looking for short opportunities. If I go short, since there are no further LT support levels, I’ll use a 3:1 risk reward ratio.

Trade Safe!

Raul Lopez
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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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