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Trade Idea - GBP/CHF Short

Todays signal from the OzFX forum was to short GBP/CHF. The chart is below.


The price is way below the 200 SMA and has been in downtrend for quiet some time. All the other indicators (AC, AO & Stochastic) are also trending down. However I am going to skip this trade as the Stochastic is already in oversold condition. Lets see if this is a good call.

Short Entry Price - 2.1075

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