Still looking for short opportunities on the GBPCHF

Last week the GBPCHF broke through an important ST support level, triggering a bearish market condition. What I like about it now is that the ST resistance level is still holding, and I’d say its safe to look for short opportunities around that level:

I’ll wait for a retracement to the ST resistance level, if it does retrace and forms a significant pattern with downward pressure, I’ll be short!

Do you agree with me?

Trade Safe!

Raul Lopez
Forex Course

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 .