FX:GBPCHF British Pound/Swiss Franc
Idea is based on a combination of , analysis and Fibonacci extensions. The rationale behind this is shown on the chart. In this particular case unfortunately I can not tell you where my stop losses are going to be since I have dynamic targets (and thus stop losses). If you understand my approach then it shouldn't be that hard to decide where to place those. Good luck!
Salam Mazen, I will wait till the 1.545 before selling my short target will not be fixed! I will aim for the quartile or the lower parallel (lower 2 lines of the pitchfork). Then I will go long from there and my stop loss will go under them preferably below some structure there....I will let you know when we get there bro. Cheers Hamza