GBPCHF - Long Setup 600+ Pips Long

British Pound/Swiss FrancFXCM

Description

⋅ Feb 23, 2021 5:16 PM

Hi Traders,

We are Long on GBPCHF for a couple of weeks and this was the trade of the month for us as compared to GBPUSD or GBPJPY.

We are targeting - 1.33 level, for further 600+ Pips.

Any correction to the downside could potentially mean a corrective structure in play.

Trade with care!

Thanks!

Comments

mmsagheer

⋅ Feb 24, 2021 7:55 AM

I would be grateful for your advice as it has almost wiped off my balance. What should I do. Is it going to reverse or will go up further ?

HumairDawood

⋅ Feb 24, 2021 11:25 AM

@mmsagheer, Hi, I may not be able to advise you on that however you can calculate your risk according to your strategy. In our room, we are trading to BUY more, Sell is short-lived.

Tip: Risk only 2% of your balance and get out of the trade if your strategy fails.

Thank you!