DiligentTrading

GBPCHF Potential Sell Then Buy

FX:GBPCHF   British Pound / Swiss Franc
39 0 2
Due to the large bearish engulfing candle formed Friday we anticipate further bullish movement down to the 1.42181 area. After this brief retracement we feel price will then continue its uptrend pushing higher highs and lows up to the 1.46664 area. This will be a long term trend.
Please also bear in mind if price doesn't hit each target we will not open positions.
Trade closed: stop reached
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