The GBP/CHF rose today, and is pressing up against a significant resistance area at the 1.44-1.45 level. The market is decidedly bearish, so we are not buying even though the candle looks very strong. In fact, we are simply waiting for a sign of weakness to sell this market. Because of this, we are sitting on our hands until we see that sign, either here or at 1.47 as well.
Originally posted here
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