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Geordiefx

gbp chf short idea

Short
British Pound / Swiss Franc (FX:GBPCHF)  
Geordiefx  
FX:GBPCHF   British Pound / Swiss Franc
Support and Resistance Rectangle Moving Averages gbpchfshort poundsterling swiss chf poundswiss shortsetup
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supportandresistance rectangle movingaverage gbpchfshort poundsterling swiss chf poundswiss shortsetup
The market is currently ranging at a key level in the market. We appeared to have a break out on the 4h time frame but the following 4h candle was large bearish engulfing candle.

Will be looking for a break of resistance on lower time frames before considering shorts.

Targets will be towards the bottom of the range around 1.28


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