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AlexxChan
Jun 2, 2016 11:22 AM

GBPCHF Fake or break? 

British Pound/Swiss FrancFXCM

Description

GBPCHF is currently however over the 61.8% region and a area of confluence with multiple support and trend lines. It looks to be that GBPCHF is about to break this region, however for a better indication, I will wait until the break of 1.42215 before entering a trade

Comment

Just want to make a note on the nature of the break. Having just pass 1.42215. the pair short down with high momentum to 1.4000
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