empty
 
 
13.06.2013 12:07 PM
GbpChf Breaks 1.44. Initiate short positions (towards the trend now)

This image is no longer relevant

Technical outlook and chart setups:

The single currency pair finally takes out support at 1.44, stopping our longs out. The long-term bearish structure is now represented here and back in focus. As depicted, the down trend line is being followed and the latest bounce has been from 1.48 level. Major resistance is at 1.5 level, followed by 1.51 and higher up. The rally from 1.4 level to 1.4 level could be considered as retracement of earlier down swing (1.5 to 1.4) and a possible extension is on way towards atleast 1.35 levels from here on. Supports are spread through 1.4075, 1.4030 and 1.4 respectively. It is recommended to initiate short positions now, 1.4385 and also sell rallies through 1.4400/50 levels. Looking lower from here on.

Trading recommendations:

Sell now, and rally through 1.44, stop is at 1.4650, and target is at 1.35.

Good luck!

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $5000 more!
    In November we raffle $5000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback