Short

GBPCHF Double Top

Coming off an impressive long from last weeks bullish bat pattern, the pair has now come back to retest previous structure highs. Although i wouldn't consider this to be the optimal structure level, the risk reward that is available on this trade makes it worth the take. A single ATR stop above the highs provides me with a less than 20pip risk (if i'm wrong, I want to be wrong fast) , while a move into previous structure would offer more than 30 pips in potential reward. Check out my youtube page a little later to see how we broke this down in today's Live TRading Room session youtube.com/channel/UCVveEks3MWZqOsvzTF_LGQg

Akil_Stokes

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Bullish Bat at Previous Structure lows

by Akil_Stokes

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