[B]My picks:[/B] Range Trade GBP/CHF
[B]Expertise:[/B] Fundamentals and Technicals
[B]Average Time Frame of Trades:[/B] 2 - 10 Days
Following the short GBP/CHF recommendation from the previous week, the pair reached my target at 1.6675 as it slipped to an intraday low of 1.6651 on Monday, and I have decided to range-trade for the time being as the pound-franc continues to move sideways. As a result, I have placed a buy entry at 1.6875, the 5/11 high, with my target at 1.7257, the monthly high, with my stop at 1.6700, the 50-Day SMA.
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