Short: GBP/CHF
Updated
Potential continuation of the downtrend.
Relatively negative news for GBP at the moment with more threats of a second lockdown and with coronavirus cases rising.
The dollar is picking up strength at the moment so may see the £ weaken further.
1Hr chart has seen a consolidation of the price through the Asian Hours and then a short in price running up to the opening of the European session.
Stochastic showing a price reversal on both 1Hr and 4Hr chart.
Daily suggesting the price may continue down to the 1.16037 support line.
Entry: 1.16957
SL: 1.17378
TP: 1.16284
Relatively negative news for GBP at the moment with more threats of a second lockdown and with coronavirus cases rising.
The dollar is picking up strength at the moment so may see the £ weaken further.
1Hr chart has seen a consolidation of the price through the Asian Hours and then a short in price running up to the opening of the European session.
Stochastic showing a price reversal on both 1Hr and 4Hr chart.
Daily suggesting the price may continue down to the 1.16037 support line.
Entry: 1.16957
SL: 1.17378
TP: 1.16284
Trade closed: stop reached
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.