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The808Trader

Pound the Swiss? Ichimoku GBP/CHF trade setup

Long
British Pound / Swiss Franc (FX:GBPCHF)  
The808Trader  
FX:GBPCHF   British Pound / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators GBPCHF gbpchflong Bullish Patterns Ichimoku Cloud ichimokukinkohyo the808trader Forex ichimokuforex
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trendanalysis chartpattern indicator gbpchf gbpchflong bullish ichimokuclouds ichimokukinkohyo the808trader forex ichimokuforex
Another GBP/CHF trade setup on my list this weekend! We've continued our bullish run with this pair and I am looking for trade it up to our major resistance level where we were rejected previously several weeks ago. Since we are so close to that resistance level I'm wanting to enter on a drawback to help limit risk. I think a breakout trade here just wouldn't quite give me the risk to reward entry I would want for the risk exposure I'm looking for with this pair. So I would really like to see a drop to tenken sen for price to hold with a good candle which is when an entry would be confirmed for me and I would enter. If we fail to get the drawback or hold support upon a drawback, this setup may become invalidated.
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