The Pound Swiss Franc.

Good evening Dynamic Traders,

Tonights chart is of the GBPCHF on the daily timeframe for a possible swing trade.

This cross is in a very good downtrend and could well be in a position for a continuation, with the AdvancedGet Stochastics having the false bar at the bottom, and entry and stops should be calculated before pulling the trigger.

The less aggressive traders may wish to stand aside until the confluences for a pullback are overcome which are a fibonacci cluster at a reversal figure, a strong RN in close proximity and MACD convergence to name a few.

The short and mrdium term trends are down but the longer is still up just.

As always please ensure to do your own analysis before entering any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.