Monday, February 16, 2009

GBP-CHF



Here we have a GBP-CHF channel in the making. As is with channels, look to sell on resistance line & buy on support. Define appropriate stop at time of entry. Buy/Sell on breakout above/below your stop.

But personally speaking, I dont have a great lot of confidence on this channel setup. But i look for technical reasons to buy & sell, rather than whims & fancies, so will trade when risk-reward is in my favour.