A-B-C-D Trade - page 344

[fxisland]

Sept 23rd 18:00 hour

GBP/CHF made 138.2 extension upward. Next resistance at 1.5393, with 1.5398 as the 161.8 extension level.

If SELL entry at 1.5393:

S/L = 1.5405 + 4 pip cushion = 1.5405

TP1 = 1.5362 (R/R 21/16 but minus spread at exit) Net R/R ratio 1.1

TP2 = 1.5346 (R/R 47/16 but minus spread at exit) Net R/R ratio 2.7