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GBP/CHF SHORT FROM RESISTANCE

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Hello,Friends!

We are going short on the GBP/CHF with the target of 1.131 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.

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We are seeing a good move already so we will keep the trade running!
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Bearish PatternsChart PatternsforecastForexGBPCHFSELLshorttecnhicalanalysistradingTrend AnalysisWave Analysis
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