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GBPCHF – Long signal

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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This entry was posted on Wednesday, May 11th, 2011 at 11:46 am and is filed under Signals and Setups. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “GBPCHF – Long signal”

  1. Smi says:
    May 14, 2011 at 12:12 pm

     confused by your above analysis…

    • Raul Lopez says:
      May 14, 2011 at 3:20 pm

      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