moorekapital

GBPCHF: THE LONG AWAITED SHORT

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FX:GBPCHF   Libra Esterlina/Franco Suíço
3
Price Has Technically Been Oscillating Between 1.468044 And 1.414699

At Resistance Top, I Needed More Data To Support Trade, And Not Just Blindly Short @ Resistance.

3Pushes Above Resistance, And The Market Could Not Hold Up, It Fell, Breaking Down Below That RESISTANCE, BO UpTrendLine, And BO Below Lower Channel Line

With A Range Expansion Down, Price Formed A 3Bar Mode.

I'm Going In With Two Separate Orders, Which Amount To 1/2 My Full Position. 1.25% Of Equity Exposed @ 75% Retrace, And Another 1.25% Equity Exposed @ 50% Retrace, With Stop At BX

Target Is 3Bar Mode Price Target. Which Seems To Coincide With The Base Of the Channel, the Minimum Target, Though.

It Could Go Lower, Possibly Touching The Support Of the Broad Base Trading Range.








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