GBPCHF short entry just below the 1.42 mark

3 mars 2016

Hi all,

For this pair I am looking for a retracement towards the 1.41 - 1.42 area for a short entry. There has been some nice support in the past, which should turn into resistance now.

Stops and targets are in the charts. When in profit for about 50 pips, move your SL to break even or above recent structure.
TP1: 1.383 - Based on previous structure (last week and may 2015)
TP2: 1.342 - Based on the completion of both AB=CD structures
SL: 1.434 - Based on previous structure (above the C leg)

Due to the relative high stoploss, which is about 200 pips, I suggest taking a smaller position than you would normally do.

Best of luck!

12 mars 2016

Note

Still in this trade.

25 mars 2016

Note

Target 1 hit.
Moved stop to entry point.

13 avr. 2016

Trade fermée: cible de profit atteinte

Both targets hit.