Last week, the GBPCHF was in a bearish market condition, we shorted the GBPCHF and it hit the TP order. But now what? It stopped at the long term support level. Please take a look at the next chart:
GBPCHF
Now need to wait for the GBPCHF to either, break that LT support level or bounce back from it. In order to see what is more likely to happen, I recommend you to take a close look to the short term charts.
My Trading Plan:
Wait for the GBPCHF to give further confirmation about its market condition.
Good luck!
Raul Lopez
Tags: crosses, gbpchf, GBPCHF analysis