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Trendhopper
Aug 28, 2016 7:13 PM

GBPCHF - SHORT Short

British Pound/Swiss FrancFXCM

Description

More woe for GBP.....the bottom 1.245 needs to be retested.....

Trade active



I just shorted this pair at the .618 fib.....
GOing good today on currencies except USDCAD and oil.....but Im holding as those trades as they will reverse....Ive also hedged with positions going with trend to minimilise any losses

Comment

I forgot about this post !!!

I closed that short at break even....

I then shorted again at the 1st top 1.3065...trade looking good so far as 2nd top hasn't gone any higher....

Trade closed manually

Trade active

New short at 1.3065....TP 1.2456

Comment



Just doing another study on this and I'm seeing a right shoulder and potential butterfly formation

Comment

I have adjusted TP to 1.26
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