GBP Short Bias
- LogicStrategy Quant score seen consecutive days of economic contraction for Great Britain. (-7) on the 26/03 and (-4) on the 27/03
CHF Long Bias
- LogicStrategy Quant scores saw a huge (+25) shift from 38 to 63 - showing continual swiss strength.
This idea suits the uncertain agenda for the british economy - with the institutions moving cash...
I've been watching this trade for a while now. This pair is about to complete XABCD pattern. Once completed I will go short on this pair. I've marked entry point, tp and sl for you as well.
This trade is only valid once it reaches the entry point. Let me know your thoughts.
Trade safe and good luck.
GBPCHF Pending Long Opportunity @13150
Brexit Pressure has eased off the gas peddle for a while
No Real News Shockers to deflate the GBP due soon due to Govt recess holidays
We have gone long on the GBP pairs
Big candles going straight for trend line indications reversal. Tiny stop loss of about 25 pips so easy to jump on now. Risk Reward for this trade is about 13/1 which is amazing. Price above 50 and 200 EMA so indicating long bias again. FX:GBPCHF
on the gbp/chf market, there seems to be sideways consolidation....price has touched resistance and is expected to drive lower hopefully.
waiting for the breakout of the the treadline so I could place a sell stop.
Still awaiting a fall downwards then hitting resistance at either of the two points waiting for a couple more candle closures to confirm... Currently looking for the dip to the 1.270 region to enter a long position over the next couple of days. Follow and listen out for more updates!