HayatoDragonFX

GBPCHF, 4hr tf, further upside movement to materialized

Long
FX:GBPCHF   British Pound / Swiss Franc
Hello my friends,

Another setup is GBPCHF pairs.
I saw a potential for further upside as price just broken above the descending trendline. It is now retesting the trend line and EMA-200 also at the retested area. We could say that this is an area of confluences.

All the confirmations needed are also fulfilled so i am taking a buy position on this pair as well.

Buy GBPCHF 1.1860
Stop loss 1.1810
Take profit 1 @1.1910
Take profit 2 @1.1960
Take profit 3 @1.2010

RR ratio is 1 : 3
Use only 1-2% risk
Good luck

Comments

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