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Sunday, 22 November 2009 GMT
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Chart of the Day: GBP/CHF
Thursday, 15 January 2009 03:34:03 GMT
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The GBP/CHF is showing a downtrend on the daily chart and below I have the hourly chart to get a close look at the trading activity.
The downtrend is not quite as strong as I normally would like to see, so I think the better play is to wait for the market to trade down through support before opening up a sell position. Protective stops should be place above resistance with a target to take profit set at twice that risk.
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