Todays GBP/CHF trading plan is presented here. This pair is close to breaking support on the D1 time frame and possibly forming a W1 time frame downtrend also. Traders should set an audible price alert at 1.2630, noted by the yellow line, to notify them of the breakout. When the alert hits check the The Forex Heatmap® forex heatmap to verify any sell entries. We would expect the GBP to weaken below the alert price.
This pair has substantial potential below the alert price with no nearby support levels. This trading plan for the GBP/CHF was prepared using multiple time frame analysis by individual currency. This is the analytical technique we use every day at Forexearlywarning. Traders can check our website for more information on how to prepare a forex trading plan.
GBP/CHF Trading Plan