British Pound / Swiss FrancUpdated GBPCHF waiting for retracement
Hi traders,
On the GBPCHF I was looking for a long entry at the 1.373 area at this structure. However, this trade hit my stoploss and now I am looking more to the downside on this pair.
It looks very bearish for now. I am looking for a retracement to this structure to enter a short position.
Entry: 1.372
Stop: 1.3745
Target 1: 1.3475
Target 2: 1.3315
On the GBPCHF I was looking for a long entry at the 1.373 area at this structure. However, this trade hit my stoploss and now I am looking more to the downside on this pair.
It looks very bearish for now. I am looking for a retracement to this structure to enter a short position.
Entry: 1.372
Stop: 1.3745
Target 1: 1.3475
Target 2: 1.3315
Note
Stop = 1.3845.Description is wrong.
Note
Missed the entry on this one by a few pips. Thats what you get for wanting the tightest entry as possible. For those of you who did take this trade, congratulations :).
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.