Hi everyone I had an idea on going long on GBPCHF, here is my analysis:
Its obviously not news if I tell you that on Thursday the UK Parliamentary Elections will take place, which predicts a Tories majority, which is seen as bullish for the market.
For CHF, CHF is known to be a ''safe haven'' in Europe, so it would make sens shorting it against the GBP.
I am open to any opinions in the comments below, we are all here to help each other out and learn!
Its obviously not news if I tell you that on Thursday the UK Parliamentary Elections will take place, which predicts a Tories majority, which is seen as bullish for the market.
For CHF, CHF is known to be a ''safe haven'' in Europe, so it would make sens shorting it against the GBP.
I am open to any opinions in the comments below, we are all here to help each other out and learn!
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.