FX:GBPCHF   British Pound / Swiss Franc
A high risk reward is offered to us on a bearish pair (because gbp is) by technicals (horizontal & diagonal supports).

+ ~38.2% retrace + typical ABC correction:

Price is reacting as I type this, I wasn't fast enough.
Doesn't mean it won't go back to 1.24150. Here is a very good entry to have a huge RR.

SL ~1.2445.
Sep 18
Trade active: Stopped on GBPCHF but I want to compound on my mistake and am now shorting GBPJPY

Sep 18
Comment: GBPJPY got really close to my SL xd
But back down now,
I want the price to at least clear the 1rst support before I move my stop.


If it goes up I won't short the pound again for a few days...
Sep 18
Comment: Bounced on that low go figure.

Maybe a strong reaction in either direction will happen at 8 am.

Sep 20
Comment: ...

Sep 20
Trade closed: stop reached: Stopped at the very top as usual. Probably a coincidence for sure.

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

Comments

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