GBPCHF: Low Risk Trend Continuation Long

British Pound/Swiss FrancFXCM

Description

⋅ Jul 17, 2014 10:57 AM

After creating new structure highs we're now retracing into previous structure setting up a low risk long opportunity. I'd be cautious about shooting for too high of targets since we still haven't passed the major structure area on the weekly.

Comments

liamfx

⋅ Jul 17, 2014 12:35 PM

Thanks for sharing the above Akil. Potential entry on 30M double bottom with bullish divergence.

Akil_Stokes

⋅ Jul 17, 2014 12:44 PM

No problem, yes always good to wait for some confirmation