This is the chart for this week. GBPCHF. I know, not many of my fellow traders who trade this pair. GBPCHF is not that popular as compared to GBPJPY, EURUSD, GBPUSD and some others. But, I can see a good setup on this pair. Below is the chart. Support become resistance, resistance become support. Sure, you know what I mean (if you are a trader).
If you see at one hour timeframe, you can see a shooting star candlestick appeared when the price hitting 1.4950. Will this shooting star valid? Hope so. Hope no new high for GBPCHF. Hope we can make some money!
I may look for short setup. Unless the price can break last week high at 1.4950.