Probably my favourite of the Sterling pairs along with GBP/AUD. The potential inverse head and shoulder pattern on the daily indicates a target of 1.36 which is nicely around the 61.8 fib retracement of the last move down. We are currently right on the neckline so good to keep an eye on the price action aroung this level.
Any thoughts or ideas are appreciated
Any thoughts or ideas are appreciated
Comment:
Similiar to the GBP/USD, this is the pitchfork and bull flag i am working with on lower time frames for the GBP/CHF
Comment:
Got to love the markets, just as we are trying to break out, boooooom more uncertainty. I cannot see for the life of me see the point of a snap election. The technicals are still valid, i have added a small position down here at 1.2562 with SL at 1.249, brave or stupid perhaps
Comment:
Well i was not expecting that news to be the catalyst for the GBP break outs. Ample proof of why we trade the technicals and let all the so called experts decipher whether this info is GBP positive or not.
Some profit taken here
Some profit taken here
