A 5 wave decline in the GBPCHF is visible from 2.4426. Risk of a rally back towards resistance at 2.3800 does not justify remaining short so we are exiting the short position that was entered at 2.4120(current price is 2.3554). The only trade in the top/bottom portfolio right now is the AUDCAD long from .8670 (this is a long term trade). We’ll be back later with a new idea.
