Gbp/Chf

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elliott corrective zifzag 1.4583 market should go down to 1.4491 - 1.4472 area if this crucial support zone holds it should resume higher to 1.4546 - 1.4595 zone

time frame- H1
we can see that price is not able to break the support 1.4462 and every time moving up side. so it is a good chance for long entry. we can long with breaking pivot point at the 1.4520 with the target at 1.4570
good luck

the pair will go up to fibo 61.8
I see the pair will go to up way to 1.4617
stochastic refers that the pair will go up
so our target buy from 78.74 and our target will 100pips


http://charts.mql5.com/1/729/gbpchf-...ex-group-2.png

Gbp/chf technical analysis

date : 06.06.2013
time : 03:00 GMT
time frame : 15 min

indicator :

1) RSI (14)
value: 49.19

2) MACD (26,12,9)
value: -0.0001

3) ADX (14)
value: 22.72

4)CCI(14)
value: 3.07

overall trend - strongly bullish.

GBPCHF experiencing retrace after the price reaching the target on zone buyer 1.4539-1.4559, according to me the price still would move bullish higher towards a few level - level resistant this day, RI (1.4590) R II (1.4632) R III (1.4682), for sell zone today starts on 1.4499 - and ends on 1.4479

the pair will go down to fibo 38.2
I see the pair will go to down way to 89.86
so our target sell from 95.74 and our target will 570pips



:accute::peace:

we can see in the 1h chart
the pair will go to down way to the down trend line
i see the pair will go to down way to 1.4456
so our target sell from 1.4516 and our target will 60pips


http://charts.mql5.com/1/737/gbpchf-...orex-group.png

http://charts.mql5.com/1/738/gbpchf-...orex-group.png


we can see in the 4h chart
the pair will go to down way to the down trend line
i see the pair will go to down way to 1.4405
stochastic refers that the pair will go down
so our target sell from 1.4505 and our target will 100pips

http://img835.imageshack.us/img835/1408/gbpchfh4.png

Uploaded with ImageShack.us

pair has formed a wedge bear flag which broke to the downside and then parallel bear flag which is awaiting breakout in order to get any confirmation of selling we should break below 1.4485 extreme support which would signal failed breakout out of the prior wedge flag has failed and the parallel flag breakout to the bear flag has done in order it to become a final bear flag we need to break above 1.4683

check the chart huge potential this pair has