Short GBP/CHF: Betting on the descending triangle Short

British Pound/Swiss FrancFXCM

Description

⋅ Dec 18, 2014 10:13 AM

Will GBPCHF fall back again to the downtrending triangle's base? If so, that'd be a 10:1 risk/reward ratio trade.

Comments

Realisto_FX

⋅ Dec 20, 2014 7:15 PM

Respectfully, I´m positioned on the long side. Technically and fundamentally looks bullishtradingview.com/v/fu25mU6m/

JimMakos

⋅ Dec 21, 2014 6:22 AM

Indeed, now that the declining trend line is broken, long trades look more favorable.