It’s been a while since the last time I placed a trade in the GBPCHF, I didn’t like the way it traded after the Bank of Switzerland intervention, it looked as if it was nervous, hesitant, etc. But now it looks a little different, consistently trading in between clear LT support and resistance levels, on the short term charts it is trading in a clear short term range, etc.
Here is the ST chart:
- I’ll look for long opportunities if it breaks the top of the range.
- I’ll only look for short opportunities if it breaks the bottom of the range.
So its not ready yet, but I’ll soon…
Have a great week ahead!
Tags: GBPCHF analysis