I love to analyse the trade set ups the robot goes for and this GBPCHF is no different.
On the daily chart we can see we are sitting in a bearish daily trend.
The Robot is keen on a short for the pair at this point. We entered a trade at 1.47104 with a target of 1.46016 at the moment the pair is in what looks like the hook part before it breaks down.
You can see in effect there are two targets for this trade the first @ 1.46766 then the second final at 1.46016, by the time we are at the first target the Robot will have moved the stop inside profit, the overall stop is at 1.47500 because if it breaks that the pair has broken out of the daily bearish move.
SignalTrader Trading System – http://www.iwanttobeaforextrader.com