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rman91_
May 9, 2017 7:33 PM

GBPCHF Break Out Long

British Pound/Swiss FrancFXCM

Description

Pound very strong at the moment and is breaking out of tough resistance since 2015 (easily visible on the weekly and daily)
3 TPs set
Long term trade

Comment

TP1 - first resistance (140pips)
TP2 - Brexit close / resistance / 38Fib
TP3 - long term trade to weekly structure

Comment

TP1 did go to 102 pips profit before turning and going against us - some may have adjusted their stops

Now looking for a retest of the TL
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