GBPCHF: Prices are being drawn higher
We can look to go long on a break of yesterday's high, risking a drop under yesterday's low here. Risking 0.5%, and adding once the setup is confirmed is a good idea.
The Brexit range defines a good way of weighing the price action in this pair. Keep an eye for the level at 1.28517, since once we cross it, $GBPCHF could accelerate rapidly and head towards the 1.366 mark.
It's a lofty target, but in the realm of the logical and probable once conditions are met.
Good luck!
Ivan Labrie.
The Brexit range defines a good way of weighing the price action in this pair. Keep an eye for the level at 1.28517, since once we cross it, $GBPCHF could accelerate rapidly and head towards the 1.366 mark.
It's a lofty target, but in the realm of the logical and probable once conditions are met.
Good luck!
Ivan Labrie.
Order cancelled:
Order cancelled for now.
Trade active:
I'm long again, from 1.25595, currently with stop at entry, you can still join this, buy at market or on dips, and use stops under 1.25035
