GBPCHF - POSSIBLE BUY - COT REPORT - SEASONAL
GBPCHF is currently testing the resistance level. However, price action is indicating that sellers are not in charge here and the bulls may have the overall momentum. I am looking for a break from the current zone before looking for a buy entry. The COT report is showing a lot of Long orders being added on to GBP while they start to close their shorts. CHF is overall bearish in momentum.
Seasonals are also favoring the buy as it is common for GBP to gain strength in October while CHF falls.
Seasonals are also favoring the buy as it is common for GBP to gain strength in October while CHF falls.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.