We are Long on GBPCHF for a couple of weeks and this was the trade of the month for us as compared to GBPUSD or GBPJPY.
We are targeting - 1.33 level, for further 600+ Pips.
Any correction to the downside could potentially mean a corrective structure in play.
Trade with care!
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....
GBP has been correcting over the past few days against most, if not all pairs. This recently had a breakout above a big resistance level so the retrace was expected and should go back to this previous resistance which will now act as support. Anywhere from 0.382 and 0.5 Fibonacci will be a good longing position. We need to see the price start to turn first and the...