empty
 
 
10.12.2012 12:35 PM
GbdChf At Resistance (1.5 Level). Downswing Should Resume

This image is no longer relevant

Technical Outlook and Chart Setups:

The single currency pair has reached the downward line of resistance as depicted. Furthermore, the region is re-enforced by immediate price resistance around 1.5050 and followed by 1.5150/60. Support is lined up at 1.48 and then 1.4700/1.4600 respectively. It is recommended to remain short and add also further short positions on intraday rallies. Watch out for bearish signals on smaller timeframes to enter short positions today. Looking lower for now.

Trading Recommendations:

Remain short. Add further short positions on intraday rallies. Stop is at 1.51. Target is open.

Good Luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback