GBPCHF – Long signal

Written by Raul Lopez on . Posted in Trades & Analysis. 2 Comments

The GBPCHF is trading in a clear bullish market condition, therefore only short opportunities are in play. It is also trading above every important level in the short term charts. Earlier today it retraced back to the ST support level and formed a significant pattern with downward pressure:

Here are the details of my order (hasn’t been triggered yet):

Entry order: 1.4528
SL: 1.4478
TP: 1.5079

It has a risk-reward ratio of more than 10:1

Trade Safe!

Raul Lopez
Forex Training

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
  • Smi

     confused by your above analysis…

    • Hello Smita,

      The GBPCHF was trading in a bullish market condition, got my signal, did set my orders but they never got triggered.

      Cheers,

      Raul

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