SynapseTrading
Short

GBP/CHF (Daily Chart) - Bears Coming Back In?

FX:GBPCHF   British Pound / Swiss Franc
This pair has been on a long-term downtrend since 2000, which means that long-term position traders will generally be looking for large pullbacks as a shorting opportunity.

After an attempt to push prices up, the move has has failed at the neckline, currently forming a double top which may be the start of a swing downwards.

The recent large bearish candle could be a good trigger to take a short position, with a stop above the candle.
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