GBPCHF (CLOSING)

Good afternoon,
GPBCHF has lost over 140 PIPs within just 3 days and our trading idea has almost reached its target at 1.5060. We decide to close the position at the current level 1.5070 and take the profit into the weekend.
Resulting in a gain of exact 146 PIPs resp. a profit of CHF 4’380 in our trading portfolio (CHF 300k position).
Happy trading and have an excellent weekend!
So long,
Revive13.com

GBPCHF (OPENING)

Good morning,
We have a shoulder-head-shoulder / triple-top formation in the daily GBPCHF chart which is a strong reversal pattern. Moreover, topping formation is confirmed by bearish divergences in momentum and neckline is being successfully tested which is essential to trade the shs formation accordingly.
Therefore, we recommend to short GBPCHF at current levels ~1.5216
(1st) Target: 1.5060
Stop-Loss: 1.5370
Time Horizon: <2 months
Please see attached screenshots.
As usual, we keep you posted with regular updates. In the meantime: Happy trading!
So long,

GBPCHF-1A GBPCHF-1B