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Bullandbeartrading

GBP/CHF Trade Idea

Short
British Pound / Swiss Franc (FX:GBPCHF)  
Bullandbeartrading  
FX:GBPCHF   British Pound / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators GBPCHF short countertrendline Forex swingtrade
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trendanalysis chartpattern indicator gbpchf short countertrendline forex swingtrade
Hello and welcome to my Trade Idea of the currency pair GBP/CHF.

Let's start with the Top Down Analysis.


Monthly: Very strong bearish trend.


Weekly: We see on the weekly timeframe almost only bearish candles except one green candle.


Daily: The daily timeframe shows a pullback and therefore a possibility for a sell.


H4: On the h4 timeframe we draw a counter trendline and wait for a confirmed breakout.


Have a nice day.
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