GBP/CHF is Trading Below Moving Averages

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By Deya Hroob


This trade set up is based on a  daily chart.

  •  GBP/CHF is trading below all the major moving averages.

  •  GBP/CHF is trading inside a rising channel.


The pair is suffering from the Moving averages. It is also trading in a channel.

To trade a channel, you can buy from the lower line and sell from the upper line.

Traders who prefer trading breakout ( as I do :) ) You should wait a break below OR above the lines to open position. 

Simply, put a sell order below the lower line OR a buy order above the upper line.

 Good Luck,

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