GBPCHF Trade Plan

Daily Chart

Price has been ranging on this chart, and has recently had a break out of the range, I anticipate Pound strength and am going to trade the role reversal at support at psych level 1.28500 which also is monthly pivot point support. Price is currently bearish and on its way down to support where I will go long on this pair

Source: MT4

H4 Chart

Market is sideways and price is bearish,with an oversold stochastic on this time frame. 21 and 55 EMA's are about to cross, indicating a further downtrend to Weekly M1 support, which has monthly pivot point confluence.

Source: MT4

H1 Chart

Market and price are bearish on this time frame and price has broken through the 200 EMA

Source: MT4

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