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charliebecker1996
Apr 3, 2018 9:35 PM

Short Term - GBPCHF Short @ 1.3485 Short

British Pound/Swiss FrancFXCM

Description

For my first piece of analysis I see a potential short forming on the 60m chart for GBPCHF. There has been a double top and as a the last candle has closed with confirmation this looks a good entry point! I usually aim for a Risk:Reward ratio of approximately 2:1 - 2.5:1 so for this trade I have set the following parameters:

SHORT ENTRY @ 1.3485
SL @ 1.351
TP @ 1.3415
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