GBPCHF it's approaching the daily resistance. Unlike its other counterparts, such as the GBPJPY, GBPUSD and GBPCAD, the GBPCHF hasn't started dropping how it was expected for today Friday 14/02/2020. Although GBPCHF it's lagging behind its counterparts, we're expecting this drop.
On the 1H chart we can clearly see a rising channel that it's trying to reach the daily resistance levels but it's strength it's fading. Our entry for a sell would be the white line at the top (Daily resistance levels) where we can sell knowing that if price reverses and continues to go up, the trade will not longer be valid for us.
PLEASE READ: this is not a financial advice, it's only for educational purposes.
Trade safe, Good luck!
On the 1H chart we can clearly see a rising channel that it's trying to reach the daily resistance levels but it's strength it's fading. Our entry for a sell would be the white line at the top (Daily resistance levels) where we can sell knowing that if price reverses and continues to go up, the trade will not longer be valid for us.
PLEASE READ: this is not a financial advice, it's only for educational purposes.
Trade safe, Good luck!