GBPCHF – Short Signal

You know I don’t like to trade based on fundamental announcements, but sometimes they are good, they make the market move out of a range or a stalling period, etc. In this case, the fundamental announcement made the GBPCHF move out of the trading range, triggering a bearish market condition:

If you take a look at the 15M chart, you’ll see that we got a price action signal to go short.

Here are the details of my order:

Entry: 1.4926
SL: 1.4976
TP: 1.4450

This is a 9.5:1 risk-reward ratio trade… not bad ha! We need to take in consideration though that it might take a while before the market hits theTP order (if it moves in my favor). We’ll see what happens.

Trade Safe!

Raul Lopez
Forex Training

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 .