GBPCHF Buy to .382 Retracement

GBPCHF has been bearish all month and has hit the D ext with a very shallow retracement. With good news from the GBP yesterday there may a Bullish rebound for at least a short term move. Keep an eye out on this pair because there is a Bearish H&S pattern that is forming if it breaks it could drop all the way down to .9440 level. Use a trail stop of you take the trade.

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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
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