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EliteTradingSignals

GBP/CHF SHORT FROM RESISTANCE

Short
British Pound / Swiss Franc (FX:GBPCHF)  
EliteTradingSignals  
FX:GBPCHF   British Pound / Swiss Franc
Trend Analysis Chart Patterns Wave Analysis GBPCHF short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis gbpchf short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

GBP/CHF is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 1.116.

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