GBPCHF Quick Long Setup 1.22 / 1.2235
Updated
Hello traders,
The corrective flat structure within the bigger corrective/reversal pattern looks to be finished.
Don’t expect a full reversal even though that is possible.
For now, We have this quick 1.15:1 RR setup.
SO 1.20182
TP 1.22351
SL 1.18297
Check out some of my other ideas down below.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below.
Don’t forget to like & follow, I will be posting forecasts & trade setups on a regular basis!
Thank you,
Good luck
The corrective flat structure within the bigger corrective/reversal pattern looks to be finished.
Don’t expect a full reversal even though that is possible.
For now, We have this quick 1.15:1 RR setup.
SO 1.20182
TP 1.22351
SL 1.18297
Check out some of my other ideas down below.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below.
Don’t forget to like & follow, I will be posting forecasts & trade setups on a regular basis!
Thank you,
Good luck
Note
Hello guys, I am looking to manually close this trade soon because with the current price action in my opinion it is more likely that the setup will fail and dump.Note
Moved my stop loss to 1.1951 because it might just dump quickly so I want to cut my losses. If it slowly goes back up to my entry I will close for BE.Note
Price is coming back up strongly, I will be waiting for break even and watch the action closely in smaller time frame. I will update you on what I do next!Note
Stop loss moved to 1.1986Trade closed manually
Took break even, I will wait for another setup.Note
To anyone who is still in the trade, congratulations you are doing well so far. I had to go to sleep so I didn't want to risk staying in it. If I get another good setup I will take it and update you.
Note
Move your stops or take your profit. Don't risk getting taken out for break even after this whole move.Note
Good job to all who took this trade!
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