FX:GBPCHF   British Pound/Swiss Franc
Coming off an impressive long from last weeks bullish bat pattern, the pair has now come back to retest previous structure highs. Although i wouldn't consider this to be the optimal structure level, the risk reward that is available on this trade makes it worth the take. A single ATR stop above the highs provides me with a less than 20pip risk (if i'm wrong, I want to be wrong fast) , while a move into previous structure would offer more than 30 pips in potential reward. Check out my youtube page a little later to see how we broke this down in today's Live TRading Room session https://www.youtube.com/channel/UCVveEks3MWZqOsvzTF_LGQg
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Thank you Akil for sharing this idea. I ignored the invalidation ( shame on me :-D ) but my target @1.5306 was filled :-)
+1 Reply
No shame in it, I don't use the gracefull exit strategy either for this exact reason. I've seen the markets come back too many times, leaving me upset. Good trade buddy!
With the HHHC on the double top this was a perfect example of using the graceful exit strategy we talk about to keep out of danger and minimize potential losses since the trade had become invalidated.
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