For Monday GBP/CHF High Priority

This is my number one trade for Monday. I will be watching the usd/chf, and when the usd/chf starts to sell off I will take the gbp/chf short. When I trade the gbp/chf I check the gbp/usd for a range pattern, if it's ranging I will use the usd/chf as the trigger pair. If the usd/chf sells off the gbp/chf will also sell as long as the gbp/usd is not trending. Fundamentally we are trading the possible rate cut from the BOE on thursday. We are also trading risk aversion caused by weakness in the American Economy that could lead to a global recession. Until we get through the April 29th Fed meeting I doubt the dollar will break out of any ranges and move up, if anything there is still downside risk albeit small.