Similar bullish signal as the GBPCHF, indicating that we could be seeing some strength in the British pound early next week. Cautious if you are taking both GBPCHF and GBPUSD, highly correlated pairs.
Let's see how this opens on Monday
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Stops at 1.3275. I believe we can see some upside on this. Might still be too early monday noon here in Singapore
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Trade currently up +18pips now at 1.3251. I am watching the 1.3265 level, hoping that it will be be a resistance level. Price has reacted to 1.3265 several times previously (Support / Resistance line)
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Price reach TP1, you can choose to take some profits if you want to. I am shifting my Stop Loss to 1.3225. Below the recent spike low a few hours ago
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Took partial profits at 1.3398 with +62pips. Remaining positions SL at break even. Risk free trade
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Took partial profits at 1.3398 (+65pips) and the remaining position SL already shifted to break even. Worse case scenario for the trade is that I get to help the 65pip profit on the half position.
Now however, I am looking to re-establish the position if the price reacts to the 1.3365 levels. See my other post.