Trade of the week - GBP/CHF | Bulletproof Traders
Bulletproof Traders in-house trading activities presents our bullish position on the GBP/CHF. Targeting the short-term cycle, we believe price is on it's way towards the previous high around 1.2255.
Since our moment of entry about a week ago, the pair had been pushing forward in a nice fashion, closing the distance on our first big target at 1.2089.
1.2089 could pose a strong resistance and break the upside momentum. That is why we will watch very closely when price hits that level. The type of reaction we will get at the touch down is going to determined our action.
* 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
Since our moment of entry about a week ago, the pair had been pushing forward in a nice fashion, closing the distance on our first big target at 1.2089.
1.2089 could pose a strong resistance and break the upside momentum. That is why we will watch very closely when price hits that level. The type of reaction we will get at the touch down is going to determined our action.
* 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
