OANDA:GBPCHF   British Pound / Swiss Franc
Considering Echf broke to the downside, I feel that Gchf will follow. It retaced 50% with an equal corrective measurement. Can it go up more? Yes, it is Gchf, but it seems to be in need to correct down more if it is to continue up, I feel like where it double topped was the "extra scare". Different ways you can do it. Sell the breakout (which it already is on daily). I am very small with large stop. That zone is where it should not break through in my opinion if we are on the way down.
Comment: 1.30500 is TP 1 for me. May be in this for a LONG time, maybe not. You can be conservative and put a limit at the .618 around 1.33450 maybe and use a tighter stop, may not make it there though
Remy Martin
https://pipdr.com/
videos on trades at
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