sell gbp/chf at the level 1.4510 with targets at 1.4460 and 1.4400, but in case of breaking the level 1.4560, then buy at this level with targets at 1.4600 and 1.4630
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sell gbp/chf at the level 1.4510 with targets at 1.4460 and 1.4400, but in case of breaking the level 1.4560, then buy at this level with targets at 1.4600 and 1.4630
wlliott elongated flat correction down 1.4497 it should try higher up to 1.4537 - 1.4557entery point 1.4517 or 1.4500 after this rise acorrection is expected
technical points : key point 1.4532 - entery point 1.4489 - elliote1.5006 - closing 1.4523 - projection 1.4497 - trend line 1.4543
Analysis result GBP CHF 31-01-2013
SIDEWAYS, DOWN TREND (WEAK)
Signal 20 pips : SELL @ 1.4411 Set S/L @ 1.4441 Set TP @ 1.4391
Signal Breakout : SELL @ 1.4391 Set S/L @ 1.4421 Set TP @ 1.4371
Reversal Prediction LOW : 1.4271
GBPCHF opened below its daily pivot, it is possible to go down towards 1.4318 or lower, but it the pair go up above the pivot level 1.4428, it is possible to climb up towards 1.4497
this pair is moving in down trend from long time stoch and cci is also in over sold area so it more down movement can see. it this pair is not able to break the resistance at 1.4498 then it is continue moving down side and will break the support 1.4250
Gbp/chf analysis by using : moving average.
date : 01.31.2013
time frame: 1 hour.
ema5 : 1.4378. signal -sell
ema10:1.4388. signal-sell
ema20:1.4413 signal-sell
time :05:00 GMT
sell gbp/chf at the level 1.4430 with targets at 1.4321 and 1.4278, but in case of breaking the level 1.4491, then buy at this level with targets at 1.4526 and 1.4602
http://www10.0zz0.com/2013/01/31/16/156573707.gif
we can see in the 4h chart
the pair will go up to fibo 23.6
I see the pair will go to up way to 1.4515
stochastic refers that the pair will go up
so our target buy from 1.4428 and our target will 40pips
Good luck