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Clear trend that formed a bearish trend. but what I felt, I was afraid to open a direct position for fear the trend is over. because any time the price trend may change UP. therefore, I put a sell limit some distance away, make it more secure.... Best of luck .
Gbp/chf analysis for 03.18.2013 by using pivot indicator.
r3: 1.4433
r2: 1.4373
r1: 1.4327
pivot: 1.4267
s1: 1.4221
s2: 1.4161
s3: 1.4115
Just be aware with bearish correction if then buyer can not break up more that pivot 1.5034. On my see - the trend on still nice down that can be see with trendline zone on this 4H TF. But, of course if that pivot 1.5034 truly can be break by strong bulls candle = this can be trigger to more bulls here...Thank you for good thread.
in the H4 time frame the price is rejected from the 1.4345 it is not break this resistance and again move to lower side. the stoch is showing us cross out if the price is close below the 1.4220 we can short this pair with the target nest support level at 1.4150
elliott flat correction down 1.4102
there is bearush potential for a fall o 1.4136 while 1.4227 - 1.4253 resist after this fall a recovry up to 1.4253 0r 1.4379 is expected
supports and resistance
res2 1.4371
res1 1.4279
pivot 1.4227
sup1 1.4136
sup2 1.4084
http://storage3.static.itmages.ru/i/...d41d8cd98f.gif
The UK pound - Swiss Franc today do not generate any clear signals. Though the couple broke up, and Friday (1.4316) and reached the level of 1.4359, but it was a sharp emission rates, and the body of the candle so this level has not been able to break. So, expect the pair, in the event of further price increases and steady consolidation above 1.4316.
Pair : GBPCHF
Updated : Tue, Mar 19 05:46
Price : 1.4289
Movement : 1.7 Pips
Movement : 0.01%
Support : 1.4162
Pivot : 1.4288
Resistance : 1.4414
http://charts.mql5.com/1/170/gbpchf-...orex-group.png
hi
how are you
we can see in the 1d chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 1.4421
stochastic refers that the pair will go up
so our target buy from 1.4292 and our target will 135pips
Good luck
Gbp/chf technical analysis by using moving averages.
date : 03.19.2013
time : 0630 GMT
time frame : 15 min
sma200 : 1.4271 signal- buy.
sma100 : 1.4281 signal- buy.
Gbp/chf analysis for 03.19.2013 by using pivot indicator.
r3: 1.4478
r2: 1.4416
r1: 1.4351
pivot: 1.4289
s1: 1.4224
s2: 1.4162
s3: 1.4097