GBPCHF LONG INVERSE HEAD AND SHOULDER PATTERN

Hi everyone:

Here is a beautiful setup on GBPCHF LONG, for a nice reward risk ratio trade setup.

Daily chart formed an inverse Head and Shoulder pattern,
low test candle developed, hit 0.618 fib retracement and previous support trend line, MACD
divergence

Target 1:1.25 (4% Profit)
Target 2: 1.27 8% Profit)
Target 3: 1.29 (12% Profit)

Thank you for your support and feedback.

Trade: #10 (2017)
Date: 01/13/2017
Time: 10:00 GMT

Handel aktiv:

Kommentera:

Beautiful break out on the 1 HR chart from yesterday's GBP news. Looking for a higher low to take this pair up to daily resistance

Handel aktiv:

Enter the trade @1.2350

Kommentera:

1 HR chart forming bulish flag pattern,
can see a break out to the upside

Trade stängt: målet nått:

Close the trade @1.2500, for 2.5% PROFIT.