Top trade of the week - GBP/CHF | Bulletproof Traders
Bulletproof Traders in-house trading activities presents one of our recent trade executions on the GBP/CHF. Targeting the medium-term cycle, we believe the price of the pair is heading north, towards the big key level of 1.2091.
We have initiated this Buy trade about a week ago when we noticed the potential for an upside reversal. Now, price seems to be facing its first real adversary in the form of a significant resistance level at 1.1841. If the GBP/CHF will be successful on breaking through this obstacle, it will be much more likely that it will continue to push forward.
* Bulletproof Traders is a members-only Forex trading club. Run by an elite team of traders and market analysts, using science based approach to master the art of trading.
www.BulletproofTraders.com
We have initiated this Buy trade about a week ago when we noticed the potential for an upside reversal. Now, price seems to be facing its first real adversary in the form of a significant resistance level at 1.1841. If the GBP/CHF will be successful on breaking through this obstacle, it will be much more likely that it will continue to push forward.
* Bulletproof Traders is a members-only Forex trading club. Run by an elite team of traders and market analysts, using science based approach to master the art of trading.
www.BulletproofTraders.com
