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PriceActionTrading
Jul 8, 2015 7:40 AM

GBPCHF SHORT TERM LONG Long

British Pound/Swiss FrancFXCM

Description

AGGRESSIVE COUNTER TREND TRADE.
@ 200SMA H4 AND SUPPORT LEVEL
AND 141.4% EXTENSION.

H4 CLEARER VIEW OF SUPPORT.


H1 TRADE INVALID IF CLOSE BELOW SUPPORT LEVEL.
Comments
ElPatron.Y
PriceActionTrading
seems about right. see if support line holds..
PriceActionTrading
H4 clearer
shevectorie
You're starting to feel optimistic.....
PriceActionTrading
No mate,
My view is downside.
The D1 seems upside is more possible but looking intra, downside is still valid and has not been broken.
shevectorie
NOT surprised with the 170 pip move up today ;-)
shevectorie
Are you comfortable with long term? Here's an alternative target. I believe there will be more bulls next week.
PriceActionTrading
Hi, thanks for commenting.
Thats a huge timeframe you are playing with mate.
past 3 weeks candle shown a 3 bar reversal setup, i wont go long for long term.

shevectorie
I expect it to mature in 20 days if everything goes well with fundamentals and a lot can happen at that period. WIshing you the best.
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