We will be looking for an opportunity to Short GBPCHF on a bounce. The trend has been to the downside since mid-November 2015. If the recent low set on 02/11/2016 holds and a bounce drives price up to the 38.2% Fibonacci retracement level in conjunction with the 25% or 50% Fibonacci time zone we could see a solid short setup.
We will link research of a recent GBPCHF move which presented a solid short off the 38.2% Fibonacci price level and 25% Fibonacci time zone shortly. This recent move was timed perfectly, we may see another in the near future, some time around the first week of March.
Time is just as important as price action! Again the low set on 02/11/2016 must hold in-order for this forecast to remain valid.
We will link research of a recent GBPCHF move which presented a solid short off the 38.2% Fibonacci price level and 25% Fibonacci time zone shortly. This recent move was timed perfectly, we may see another in the near future, some time around the first week of March.
Time is just as important as price action! Again the low set on 02/11/2016 must hold in-order for this forecast to remain valid.
