SmartForex
Short

GBPCHF - Trend Continuation Trade

FX:GBPCHF   British Pound/Swiss Franc
Weekly and daily charts are showing downtrend.
Rectangle in red is at 50% Fib retracement of the long impulse move on a daily chart .
Double top on the 4 hours chart.
Looking for first targets @.23962 and second targets potentially down to .22000.
Comment: Target 1 reached.
Looking now at further move down towards .22000 for second target.
Trade closed: stop reached: Stop reached after first target.
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