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majorlee
Aug 26, 2018 10:53 PM

GBPCHF shorting the British pound against the Swiss Franc [BTFD] Short

British Pound / Swiss FrancFOREX.com

Description

a weak British Pound GBP and strong Swiss Franc CHF has potential for a short this week

its bank holiday this monday in UK so not expecting much trading volume but could lead to a good entry for a short

possible we see a small pullback towards 1.272 area which we will be looking to short from

indicators looking bearish

Comment

GBP showing some strength currently, still sticking this one out as CHF will topple the pound in coming weeks

Trade active



due to a rally on the £GBP price came back up and resting on the trend level

bring stops down if you wish just incase the support holds

Trade active

GBP rallied last week but then fell again due to brexit crisis news bringing the price down lower

Trade closed: stop reached

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