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European Session GBPCHF: strong bearish trend reversals

February 18, 2011 by Forex Market

Today GBPCHF pair has been in a range of 40 pips during the Asian session. The first chance we had was at the opening of Frankfurt when the price breaks the previous high giving the opportunity to go long. Looking at the price and RSI divergence showed us what we warned the trend could change as it did. The Stop position could have placed him in the previous swing quite set the opening price. The next time we had it almost immediately when the price breaks the previous minimum (closing the long position). The …

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