GBP/CHF Signal
Risk 0.33%
trade can be taken anytime
Long Trade 1
• Buy GBP/CHF at 1.2225
• Stop loss at 1.2150
• take profit at 1.2450
• once you are 100 pips in profit, move stop loss to break even
Short Trade 1
• sell GBP/CHF at 1.1980
• stop loss at 1.2025
• once the market hits 1.1750, move stop loss to break even
• target 1.1550
GBP/CHF Analysis
The GBP/CHF pair has been very negative for quite some time now, but we have seen signs of stabilization recently. Because of this, a bounce could be coming and of course it looks as if the markets are preparing to do just that. However, I will be the first to admit that I prefer to sell this market on a break down, because that would show a significant breakdown of support. Because of this, the position size should be relatively small if you are buying. On the other hand, if we break down, we could get a significant move lower.
There are no significant announcements today that should move this market.