riffster21

GBPCHF Catch the next wave up

Long
FX:GBPCHF   Sterlina / Franco svizzero
This pair has 2 options for entry. Strong up-trending support might provide a nice entry point. Some pairs take a deep breath (i.e. pull back) right before the next good push. If this happens, a buy at or near up-trending support (yellow line on chart) is a great option. The 2nd option, not my favorite, would be to wait for a break at resistance. The here problem is; 'where do you define resistance for this pair?". Very subject-able. I would like to see it clear 1.3000, but I'm sure others would disagree. Anywho, Xmas trading is always fun! Lots of pips out there.
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