#GBPCHF: Bears Active, Further Downside Next Week?
Traders,
GBPCHF had a great short on the breakout of the sideways support line as illustrated on the chart. Since the breakout the pair has been nicely ranging, which just looks inviting for more downside. Friday to Monday gap will tell us a lot about sentiment, and a gap down could confirm a break of the minor range consolidation, and confirm the doji's indecision has been confirmed to downside. I hope you have a tested trading strategy to trade this move when it starts.
GBPCHF had a great short on the breakout of the sideways support line as illustrated on the chart. Since the breakout the pair has been nicely ranging, which just looks inviting for more downside. Friday to Monday gap will tell us a lot about sentiment, and a gap down could confirm a break of the minor range consolidation, and confirm the doji's indecision has been confirmed to downside. I hope you have a tested trading strategy to trade this move when it starts.
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