piphunters
Long

GBPCHF: POTENTIAL KEY REVERSAL

FX:GBPCHF   British Pound/Swiss Franc
552 14 21
GBPCHF             is sitting on important daily,weekly and monthly levels and there is potential for a reversal from here if the structure holds providing a very good RR for a long trade, tomorrow we have the British GDP coming up and that may just bring the key reversal from here. Please trade these kinds of setups if you have the proper strategy.


Wish you all a very Happy New Year!
Comment: Looks like it has started now.
Indeed, nice RR. But very dangerous setup, looks like a great wedge breakout to go short too. I hope you make profit, but I will not take this one, Im already against CHF here:

USDCHF Long - I
+1 Reply
piphunters Piet.Hein
thanks mate, I will be watching the current level closely and add more positions according to the following price action
Reply
I am a bit aggressive on this trade, already we got a nice bounce up.
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Piet.Hein piphunters
Yes you are right, sometime we need to be aggressive. I have much caution! You know, people say that this forex thing is suspicious! :p

And now Im really willing that you make much profit on this one, as Im not only against CHF, Im long on GBP against EUR too! Short EURGBP after today rejection of main trendline, have a look:

EURGBP Short - I
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piphunters Piet.Hein
GBCHF now there is no risk for me and in worst case scenario I will exit at 0, the potential reward warranted me to be aggressive on that trade. EURGBP I see a possibly ending diagonal and perhaps there is still room for some more upside before the structure is complete and the weekly consolidation is keeping me away from trading it.
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Piet.Hein piphunters
so maybe on this one the aggressive was me!
+1 Reply
piphunters Piet.Hein
:)
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Piet.Hein piphunters
one more today, short nzdusd, are you on this one? touch of main trendline too
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piphunters Piet.Hein
I am watching it but haven't added any positions yet
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Piet.Hein piphunters
Post if you do, Im already :D Marry Christmas!
+1 Reply
Piet.Hein Piet.Hein
merry*
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piphunters Piet.Hein
sure, Merry Christmas you too
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Piet.Hein piphunters
Looks like the year is starting very good!
Reply
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