Elkana Roveglia BA
Takemytrades.com
In yesterday's video blog I was looking at the GBPCHF sell opportunity. We were in the live room when we took this trade which end up making us 150 pips. Now we have created another sideways move (pole or rectangular pattern) which implies continuation to the downside, however we are as well very close to the bottom of the channel. My opportunity is to sell this pair until we reach the channel and see if other traders (banks, institutions and hedge funds) see the same probable support. If not, the opportunity will be to keep selling to the 0.618 Fibonacci level @ 1.3861. We will see further continuation of a sell if the news will match the structure.
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