StevenH

2.168 Trade on GBPCHF

Corto
FX:GBPCHF   Libra esterlina/Franco suizo
here on GBPCHF we have a 2.168 trade which is just a double top, break of the neckline and then a retracement from the double top to were price begins to rally of .618. Thats the sell zone for this strategy, so here we have all of that plus some other technical indications that make me think its a good trade for me. Like overbought RSI and the long candle wick on the previous candle telling me that the market is respecting the .618 retracement.

good luck trading

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