Hi everyone I had an idea on going long on GBPCHF, here is my analysis:
Its obviously not news if I tell you that on Thursday the UK Parliamentary Elections will take place, which predicts a Tories majority, which is seen as bullish for the market.
For CHF, CHF is known to be a ''safe haven'' in Europe, so it would make sens shorting it against the GBP.
I am open to any opinions in the comments below, we are all here to help each other out and learn!
Its obviously not news if I tell you that on Thursday the UK Parliamentary Elections will take place, which predicts a Tories majority, which is seen as bullish for the market.
For CHF, CHF is known to be a ''safe haven'' in Europe, so it would make sens shorting it against the GBP.
I am open to any opinions in the comments below, we are all here to help each other out and learn!
Trade closed: target reached