SELL GBPCHF based on Fibonacci and Super Signal

Here is another example how this Fibonacci and Super Signal trading strategy works. I want to show you how I open SELL GBPCHF on 8 April 2014 using this technique. I use H1 time frame since this timeframe is not too long to wait and its a reliable one to get minimum 10 pips per trade.

gbpchf sell 8 april 2014

See the chart above, I draw my fibonacci retracement tool from the green arrow to the yellow arrow (circle marked). The idea is when the price move down and break level 61.8 it will continue to level 100 or even more. As you see, I got 30 pips on that trade. It takes few hours before the target was hit.

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