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11021992
Feb 25, 2017 3:09 PM

GBPCHF: Long at the 61.8% Fibonacci retracement Long

FX:GBPCHF60
British Pound/Swiss FrancFXCM

Description

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Hi traders,

On the GBPCHF I'm looking to enter long at the 61.8% Fibonacci retracement of the mid February upwards move. This area has confluence with the 161.8% Fibonacci extension of the ABA move.
Entry: 1.24927
Stop: 1.24669
Target: 1.25516 = R:RR 2.28

Good luck traders!

Trade closed: target reached

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Not bad, not bad.
GBPCHFfibLONG
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