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WFFX
Mar 15, 2021 5:46 PM

GBPCHF on the lookout for shorting entries Short

British Pound/Swiss FrancFXCM

Description

Evening traders, little bearish push today, looking for further downside movement following an hourly break of structure today with the daily now decelerating nicely.

I was initially looking for price to push slightly higher up into the 1.3 level which it just missed by a couple of pips, but couple of things to be aware of, we have not yet had a 4 hourly break of structure and we are sat on the 4 hourly 50ema along with being above the daily 50ema.

Lets see how this one develops.
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