FX:GBPCHF   British Pound / Swiss Franc
Just missed the cypher on Friday with this pair. Hopefully we can make up for that by completing the bearish cypher (orange) while we consolidate in this ascending wedge pattern.

Like my analysis? Check out my YOUTUBE channel for live examples of advanced pattern trades and for free lessons!

LINK: https://www.youtube.com/channel/UCGL9ubdGcvZh_dvSV2z1hoQ
Yes it does and sensible it is.....thanks.
Hi StevenH, why have you got SL @ 1.43312, resistance seem to be @ 1.43079 ?
Past 3 times price bounced off this point and would be a better risk/profit ratio......glad for your thoughts as usual.
StevenH Cormegamontana
Hello, Thanks for the comment! The reason my stop is a bit higher than previous resistance is because i want to give the trade a little room just in case we get a long wicked candle that goes past the 1.3079 level and gets pushed back down to close below this level. During my testing process a while back i discovered that putting stops right at previous resistance on the advanced patterns i trade actually gives me a less profitable strategy than putting stops above that level. Hope this explains my reasoning pretty well and thanks for the interest in my post!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out