QuileHills
Short

GBPCHF Channel and Fib Resistance, Trend Support

FX:GBPCHF   British Pound/Swiss Franc
486 5 16
The pair hit my fib resistance/channel resistance intersection and bounced back down.

I'm using a Sell stop as shown to take advantage of more channel movement for the pair uppon a break of my trend support (green) which would also coincide with the creation of a new low since the local             peak.

R:R of position shown: 5

Related Ideas

Is a limit order fine ?
Reply
QuileHills forexmech
I'm using the stop order to confirm a bearish break of the trend support. A limit order runs the risk of entering on a bullish movement and stopping out quickly.
Reply
forexmech forexmech
Plz ignore the question :)
Reply
Thanks Kyle. Nice setups BTW. Hope to see more from you
Reply
gracias amigo
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out