Possible GBP/CHF situation next week. Wait till h1 and h4 timefraome AO Awesome Oscillator will show red histogram column and then consider GBP short position. Possible ABC proce corection after 5 wave end.
USDCHF seems again heading towards 0.9010-15, important resistance zone, breaking which chances are higher that the pair immediately tests 0.9055-60 resistance zone. However, RSI isn't supporting the upwards trend and signals the repetition of past reversal from 0.9010. On the downside, multiple support lies near 0.8985, 0.8975 and 0.8960.
1.5330 on the GBPCHF came under some pressure around lunchtime but held so I've taken a long just above and 'paid' for the stop with a 50% reduction in the hope it will resume its upwards bias and the 1.5450 area. If it holds great, if not the 'new' trade is defended.
Where are those fake 'real' traders who trade without stoplosses.I dare you to trade without stoploss again.With EuroChf falling 3000+ pips r.i.p to your forex accounts.i wish swissy rally got you naked with no SL . lol .it would be a lesson well learnt