theforexportal

LONG GBP/CHF from market (.9745)

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
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1
Previously I went LONG this pair and having initially placed a tight STOP it was clear that this STOP was too tight so it was removed. Price has pushed down so although I'm 80+ pips down on this trade from my entry at .9814, I'm certain that this is a solid LONG trade that we have added to the position.
On H4 this rather nice trendline supports this move north and the pull back has reached a logical conclusion.
LONG from market with a STOP to be determined - target very high.

This is not a trade for the faint hearted.

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