GBPCHF: Bearish outlook
Trading along the line of least resistance is key.
There is no trend except in hindsight.
On GBPCHF the line of least resistance has shifted towards the downside. It isn’t an exact science; and it might go a little bit up before reverting downwards;; you cannot pick true tops and bottoms aka market turning points, no one can as no one can predict the future;;
as such, I would be looking to go short on pullbacks or breakouts.
There is no trend except in hindsight.
On GBPCHF the line of least resistance has shifted towards the downside. It isn’t an exact science; and it might go a little bit up before reverting downwards;; you cannot pick true tops and bottoms aka market turning points, no one can as no one can predict the future;;
as such, I would be looking to go short on pullbacks or breakouts.
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