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LCFXpro
Sep 19, 2019 1:34 AM

GBPCHF SHORT TRADE Short

BRITISH POUND / SWISS FRANCICE

Description

We have seen a high test candle closed as well as a rising wedge pattern formed below 1.2460 key level look for breakout of the wedge and rejection candle before placing the short trade.
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Comments
Dave-FX-Hunter
Nice!!
LCFXpro
@DaweFXHunter, thank you :)
fireminer523
Take a look at the potential pullback from this zone with an extension into the .618 of the weekly/daily impulse leg
Derammie
Price is at a rejection zone, also flirting with 200 SMA... Hope it drops cos with GBP anything can happen

andrewmakpo
Hello, i am in this trade, i see a nice rejection on 1.2473, hope more sellers will join us to push it down
LCFXpro
@andrewmakpo, sure .
Tamilkumar
Is this setup still valid??
ridealong
Good one....just the concern that you have both CHF and GBP interest rate decision today.
LCFXpro
@ridealong, looking good so far :)
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