GBPCHF: Bearish market condition, short opps in play
Even though today is a holiday in the US and Canada, and the volume is expected to drop down, we still have a few opportunities today, and one of them might be the GBPCHF. Just broke the long term support level and it will probably head down to the next LT support level:
It has clearly broken the long term support level at 1.6290
My Trading Plan:
As long as the GBPCHF continues to trade below 1.6238 I will be looking for short trading opportunities. All take profit orders will be placed above the next LT support level around 1.5906
Al long trading opportunities will be ignored.