TP: 1.43620 (61.8% Fib)
SL: 1.40926
Risk: 916 Pips
Reward: 1778 Pips
Reason for getting into this trade again is the positive swaps. Call me crazy but I don't like giving away money for free to the markets.. or my broker for that matter!
GBPCHF - H4 Chart, 28th Feb
Another potentially good trade is shaping up on the GBPCHF 4 hour chart. Below is the chart with Wolfe Wave, Schaff Trend and also Fibs. I use Fibs mostly to get a perspective of price especially when Wolfe Waves project prices into the future.
What gives me confirmation is from the daily chart, which is showing a potential end of a downtrend for this pair. Refer to the chart below to see what I mean.
Long @ 1.41842
TP: 1.43620 (61.8% Fib)
SL: 1.40926
Risk: 916 Pips
Reward: 1778 Pips
Reason for getting into this trade again is the positive swaps. Call me crazy but I don't like giving away money for free to the markets.. or my broker for that matter!
TP: 1.43620 (61.8% Fib)
SL: 1.40926
Risk: 916 Pips
Reward: 1778 Pips
Reason for getting into this trade again is the positive swaps. Call me crazy but I don't like giving away money for free to the markets.. or my broker for that matter!
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