If it wasn’t because of the FOMC statement, I’d be long GBPCHF

That’s right, take a look at the daily chart, in a very clear bullish condition.

Now let me show you the short term chart, it’s been rejected from the same level over and over again (and it looks like it is going to get rejected again):

But, but, but…

There is an important announcement coming up later today: The FOMC Statement… And you never know what could happen.

So I’m going to wait for the announcement and will see what kind of impact we see.

By the way: I’ve canceled my order in the EURUSD, it didn’t get triggered.

What do you think? Would you trade the GBPCHF?

forex, 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 .