Guys GBP/CHF is shaping up NICE for the week ahead. Last week we saw a break and close below our daily support level of 1.17500 which is a great indication as to what might come this trading week.
If we break this down to the 4 hour, a clear downtrend of structure is appearing, with lower lows and lower highs.
What I will personally be looking for is a pullback into the region of 1.14750, then for price action to line up ready for a short entry. My bias is completely short on this pair unless it breaks 1.14750 and the structure starts to show bears in control.
If this looks like something you're interested in trading, LIKE this post and ill come and check out your page!
Cheers
If we break this down to the 4 hour, a clear downtrend of structure is appearing, with lower lows and lower highs.
What I will personally be looking for is a pullback into the region of 1.14750, then for price action to line up ready for a short entry. My bias is completely short on this pair unless it breaks 1.14750 and the structure starts to show bears in control.
If this looks like something you're interested in trading, LIKE this post and ill come and check out your page!
Cheers