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Tuesday, December 08, 2009

GBPCHF breather

Good Evening Dynamic Traders,

Hope you are having a good week. Gold is doing a pullback after a nice run up, as we all know nothing continues to go up in a straight line (big move, small pause, big move).

I have posted the GBPCHF chart below. I have taken an aggressive stance on this and entered short based on the trend, Fib breather levels, RN and candlestick formations. The more conservative trader will likely wait for a break of the low.














Good Trading!
Bijal Shah

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