EUR/CHF Bearish - Brexit Scenario

EUR/CHF failed to pierce through the red area of resistance and is on its way back to earlier support levels.

Today it became apparent that the GB-EU Brexit talks are taking a turn for the worse, potentially even being cancelled altogether. This action would mean that a No-Deal Brexit is imminent and you should trade accordingly.

My guess will be that the EU and GB will fail to find compromises and that no deal will be found, launching GBP and EUR into the abyss.