GBPCHF at 61.8% on Monthly

GBPCHF is trending downwards and has printed a possible lower high at a monthly resistance level. This offers a high probability short bias. Price might move higher to test the resistance trendline. This could be traded to the next support monthly level and possibly lower if support trendline is broken. Its advisable to look for lower time frame entries and attempt to ride the down move once confirmed as long as possible.