Trade of the Day: GBPCHF
24 August 2022
The trend at the moment is downtrend market. We are focusing on looking for short positions on general.
We will be looking for the resistance trendline when the price testing it. Since the trend still a steady downtrend, we will focus on the short position near the resistance trend line.
If the price able to break above the resistance trend line and zone, we will wait until the price back to retest the resistance become support zone in order to look for the long position.