GBP has been performing well late 2017 and early 2018 gaining from lows after Brexit.. GBPCHF I find is still a lot lower compared to old price range 1.40-1.55 area from 2012-2016...
It has been slowly gaining momentum and the last few weeks have been very bullish.. GBPCHF has been sideways a few days in a range and a breakout seems to be forming as Im posting this idea.. The trade is very long term..
I have an account I only set for trades minimum 2 months + so I can set the trade and forget about them.. The reward is high and risk is low..
ENTRY: Current levels
SL: 1.3200
TARGET 1.40-1.55
I will add on buys along the way and I won't take profits until atleast 1.40.. defending on Price action there I may hold thru...
I will try to update charts every 1-2 weeks.. This is a trade for a few months possible all of 2018..
I posted a similar trade for GA long time ago and it played out perfectly.. 2,000 pips on GA...
cheers.
It has been slowly gaining momentum and the last few weeks have been very bullish.. GBPCHF has been sideways a few days in a range and a breakout seems to be forming as Im posting this idea.. The trade is very long term..
I have an account I only set for trades minimum 2 months + so I can set the trade and forget about them.. The reward is high and risk is low..
ENTRY: Current levels
SL: 1.3200
TARGET 1.40-1.55
I will add on buys along the way and I won't take profits until atleast 1.40.. defending on Price action there I may hold thru...
I will try to update charts every 1-2 weeks.. This is a trade for a few months possible all of 2018..
I posted a similar trade for GA long time ago and it played out perfectly.. 2,000 pips on GA...
cheers.
Comment:
We had some weak data yesterday and today, so a healthy correction.. I am adding a mother buy at this level.
