I'm looking to long this pair upon market open this evening. I've been scanning the charts for potential setups to execute this week and I've stumbled across this short-term buy opportunity on GBP/CHF
. The very first thing that I noticed on this pair when I initially checked the D1 timeframe, was the sheer amount of rejection to the upside. As you can see with my forecast, I am expecting bear presence this week. I anticipate a sell-off from the area of supply later this week, but for now, price is in a relatively desirable area to buy. Targeting 33 pips, risking just 12. 1:2 R:R.