Short signal on the GBPCHF

I hope you all had a great weekend!
Last week I wrote about the GBPCHF, it is clear that It’s trading in a bearish condition and I was waiting for a retracement before taking my trade, and guess what? That has just happened. I liked the way it has been bouncing off the ST resistance level, this is what makes this a great opportunity, on the long term charts it’s bearish plus on the short term charts a clear resistance level equals to: LOOK FOR SHORT OPPORTUNITIES:

Here are the details of my trade:

Entry: 1.4387
SL: 1.4437
TP: 1.3839

Make your math on the risk-reward ratio and let me know what you think.

Trade Safe!

Raul Lopez
Forex Course

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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 .