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DWoodz
Oct 16, 2018 1:30 AM

STRONG buy on GBPCHF Long

British Pound/Swiss FrancFXCM

Description

Okay so looking at GBPCHF this is a strong reversal to continue on the up trend going Long on the 1hr chart. Sitting on a strong level of support I can see this pushing up for the NY session then coming back to test the area. From there I can see it peaking out at the 1.310 area before showing what it will continue on with for the week. Also considering that the week opened up with a large gap the market will have to close that gap. Which is about a 50 pip move alone. should be able to squeeze 100 pips out this move.
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