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IvanLabrie
Sep 22, 2016 12:30 AM

GBPCHF: Prices are being drawn higher Long

British Pound/Swiss FrancFXCM

Description

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.

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
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