Still looking for short opportunities on the GBPCHF

Written by Raul Lopez on November 30, 2011. Posted in Trades & Analysis

Last week the GBPCHF broke through an important ST support level, triggering a bearish market condition. What I like about it now is that the ST resistance level is still holding, and I’d say its safe to look for short opportunities around that level:

I’ll wait for a retracement to the ST resistance level, if it does retrace and forms a significant pattern with downward pressure, I’ll be short!

Do you agree with me?

Trade Safe!

Raul Lopez
Forex Course

Tags: forex, GBPCHF analysis

Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.

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I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Training. Read more about me.

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