The808Trader

GBP/CHF - Ichimoku trade idea

Long
FX:GBPCHF   British Pound / Swiss Franc
For this pair i'm looking to get in and out of a small run, with the option to expand my take profit levels if this pair pushes higher and holds. Until a move like that happens and is proven, I'll look to get in and out of the market. I'm looking to enter on a breakout of the 1.2698 level. I'm keeping my stop loss pretty short if I enter so keep a good risk to reward and also because if we don't get a push up after the entry I'm waiting for, I'll want to exit pretty quick. If our bullish signs change or we fail to break higher, this setup may become invalidated.

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