A Heads Up For GBP/CHF Traders
Scott Barkley | May 19, 2016 06:42PM ET
GBP/CHF
On May 3, 2016 we alerted traders to an opportunity on the GBP/CHF that we call “Pay Your Mortgage” for the month of May. The idea is to give traders a heads up on a big play that may happen based on the current structure.
Currently the trade is up 621 pips from our bounce point and we are projecting a possible 331 pips to go. IF the trade completes at our new target it will have produced 952 Pips in only 16 days.
We use tried and true technical analysis to arrive at what we think may be an excellent opportunity for traders. It is not a trade call, just a heads up that the market structure shows this potential in advance of actually happening.
Enjoy!
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