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GBP/CHF Potential Downward Movement

GBP/CHF Long-Term Trend: Bearish

Key Resistance Levels: 1.1154, 1.1172, 1.1193

Key Support Levels: 1.1089, 1.1061, 1.1012

4-Hour Chart:

The price on the higher time frame has been in a downtrend after it broke the lower range of a trading zone at 1.1416 The pair has faced resistance at the 1.1269 level and sustained below that. A minor level of 1.1166 has now been broken which shows bearish bias.   

GBP/CHF Medium-Term Trend: Bearish

30-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a major level of 1.1193 and sustained below that. As of now the pair has broken and retested a minor level of 1.1172 before continuing the momentum.

Signal Idea:

Sell Stop Order @ 1.1137

TP 1 @ 1.1097

TP 2 @ 1.1057

Stop Loss @ 1.1177

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.


  1. I am not receiving the copy trade.
    When I was signing up my email address was incorrect. Can this be the problem?

  2. This trade never reached to TP 1 thanks to pat for breakeven SL.

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