Opportunistic Wednesday presents us with GBP/CHF

Good day traders,

Let’s hit the charts…

 

 

1. GBP/CHF

On the 4-hour time frame, GBP/CHF has reached a previous support level (1.19008).

Overall we have a bearish outlook on the larger time frame, but the present support level has kept price from falling for close to 2 months.

Is the support still strong enough to hold price for the 3rd time?

The close of the daily candlestick today may answer these question for us

 

What are your thoughts?


Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

error

Enjoy this blog? Please spread the word :)