justatrader
Long

GBPCHF - Time to shine?

FX:GBPCHF   British Pound/Swiss Franc
203 5 2
While most GBP pairs were making yearly highs, GBPCHF             was struggling. Perhaps its time for GBPCHF             to push higher. The RSI will hold the key to this trade. Its currently sitting near 40. A reversal from here would mean, price would hit the 200 WMA and bounce.

Alternatively, RSI could dip to the lower TL and reverse from there on, which would (should) correlate with price also cutting through the 200 WMA and bounce off the TL.
cage117 - i think its quite perfect even though 90 pips out from entry - your dealing with a day chart here not an hourly or 4hr
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cage117 forex_trader168 htsang
maybe that is 'your' idea of 'perfection', i followed this pair on the daily so know what happened....still a tremendous call/chart but NOT perfect.
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Not quite perfectly, 90 pips out.....but pretty close and great call nevertheless. Excellent charting.
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This trade entered perfectly. Stops should be moved to BE for those who are conservative while an aggressive approach would be to just leave the trade as is. Holiday week, so expect some erratic movements until the first week of Jan.
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Great chart, thank you.
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