olly48

GBP/CHF Wait For Retrace

FOREXCOM:GBPCHF   British Pound / Swiss Franc
This hit TP yesterday on my previous posts for this pair. Want to see this retrace now for another chance to long. I have marked out the area for this to retrace to around 0.382 Fibonacci, we need to wait and see when this rebounds though as it is possible to drop further than this between 0.5 and 0.618, I think this is unlikely but its better to wait and be safe.

After support is found target can be set at 1.26633 with SL just below the nearest supports low.

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