GBP/CHF Continuation trade?

Scott Barkley ProAct Traders

Bearish: Currently we are @ 1.1833 in a channel. We are looking for a continuation initially to the ATR Target @ 1.1789 and then the 1.270 Fibo/day chart bottom @ 1.1701. Watch for the bounce there. The average daily true range (ATR) for the pair currently is 103 pips and its 180-day ATR is 99 pips a day.

Author

Scott Barkley

ProAct Traders

Scott Barkley is the President of ProAct Traders LLC located in Round Rock, Texas. Scott graduated from the institute For Latin American Studies in Cuernavaca, Mexico.

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