thank you red
you definitely have a clue about trading :)
london red 10:17:21 GMT - 03/04/2020
12060 is 76.4% of 116xx/133 so for sake of a few points u could pull it slightly under there if thats your risk zone. i can see long term channel at 116/11650. but the pair now is a play on risk on risk off with added variable of poss rate cut in cut (although i personally dont think they will cut given ok to reasonable data for feb, think they will wait til march since economy did perk up after brexit transition started)
Israel MacroMicro 10:09:33 GMT - 03/04/2020
what is your opinion on the stop/risk I allow with GBP/CHF.
your opinion, no strings attached :)
london red 10:06:34 GMT - 03/04/2020
gbppln which closely moves with (and often leads) eurgbp is also at 200dma. there is also a big double top best seen on wkly which can see pair move down to 4.70. a similar move on a double bottom eurgbp can take the pair well north of 88 cents. again it seems much depends on stocks. a further drop and both these pairs can complete formation moves. but a break and hold abv 200dma (s&p) will see both quickly retreat from pivot lvls of today.
Israel MacroMicro 09:28:11 GMT - 03/04/2020
BuyGBPCHF Entry: 1.2180-1.2220 Target: as you wish Stop: 1.2060
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