GBPCHF, Daily, 2010 August 26
Weekly Candle is near the bottom of BB, Monthly shows indifference (market price seems here at the bottom of the last candle, too).
H4 could go a little further down. If 1.5826 don't be broken downwards hold the trade, otherwise hedge these positions, ...or 1.5850 could then in an upward movement the next favorite entry point for enter long with additional 3 positions. If so then there would be 5 positions in the market at last.
(Positions size per trade min. 1 - max. 10).
Enter Long at 1.5930 with 2 positions
Target: 1.6250 / 1.6650
...and after you have trade the enter long,...would you make a brit bus tour?
Weekly Candle is near the bottom of BB, Monthly shows indifference (market price seems here at the bottom of the last candle, too).
H4 could go a little further down. If 1.5826 don't be broken downwards hold the trade, otherwise hedge these positions, ...or 1.5850 could then in an upward movement the next favorite entry point for enter long with additional 3 positions. If so then there would be 5 positions in the market at last.
(Positions size per trade min. 1 - max. 10).
Enter Long at 1.5930 with 2 positions
Target: 1.6250 / 1.6650
...and after you have trade the enter long,...would you make a brit bus tour?