GBPCHF Channel Trading

FX:GBPCHF   British Pound / Swiss Franc
GBPCHF has ben channeling for 3 weeks now and still holding. Long term direction is still down and I am looking to place a sell near the top channel.

Again, I am only looking at sells as that is the main direction. If you do plan to buy at the bottom of the channel make sure you set short stop losses.

1. RSI on daily and 4 hr in sell zone.
2. Channel holding strong.
3. Overall GBP pairs are weakening.

Entry 1 @ current price of 1.1889
Entry 2 @ 1.1975

TP @ 1.1810

Good luck and let me know if there are any questions.

Charles V
CVFX Management
Trading made Simple
Comment: Target hit, net 79 pips.


wow, good call on this one!
+1 Reply
@Kavfx glad you could make some profits on this! Entered on our end and took profit this morning
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