Sell GBPCHF to 1.40

10 apr 2015

We're in an overall downtrend making lower lows and lower highs. We rejected the 1.44 area, which a large supply area. You can also see the clear rejection with the 4 hour pin bar. I shorted at the break of counter trend line. Targets are at around 1.40 because of the extension levels and it should act as a big psychological level.