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EliteTradingSignals

GBP/CHF SHORT FROM RESISTANCE

Short
Livre sterling / Franc suisse (FX:GBPCHF)  
EliteTradingSignals  
FX:GBPCHF   Livre sterling / Franc suisse
Trend Analysis Chart Patterns Wave Analysis GBPCHF short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

GBP/CHF is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 1.116.

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