Thread: Gbp/Chf
elliott extended impulse wave down 1.4060
one mor dip to 1.4098 - 1.4050 is likely followed by a grind higher to 1.4182 - 1.4218 after which it can resume it is down trend
technical points
key point 1.4089 - entry point 1.4167 - elliott 1.4346 - closing 1.4123- trend line 1.4269
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in time frame h4 analysis with stoch and cci- we can see that price is oversold are and cci is moving to up side. but now long position is not good because it is in down trend and pivot point may be act as resistance at 1.4567 so we must wait to break the lower trend line. look in the long position at 1.4640
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herefore, this correction was more aggressive. Friday was closed on the support of 1.29, and a break-up can slide to 1.25 and below. However, if the GBP crosses above 1.2 it will be a positive signal for it and a negative for the Swiss currency.
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Daily analysis for the pair of Pound Swiss , The pair now stand at the point strong support at 1.4562 and saturated propelled RSI expect him to climb to 1.4622 levels as if to break 1.4562 support I expect falls to 1.4490
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the price is rejecting up movement form the daily resistance at the 1.5071 and falling down with making a bearish engulfing candlestick pattern. now the price is hit lower supporting trend line at the 1.5001 and this may move up side. long with profit target at the 1.5060
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I think that we put the wrong position.
Turning toward the price turns out, whereas in tf d1, green marbles already emerged.
I try to take the risk of installing the OP buy,
because it usually bounces at sma5 low prices.
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Recently gbp/chf rate is 1.28203
In my observation today the best selling point is 1.28002
and by my mind today the profitable buy point is 1.28369
You will earn more money if you will obey my views
because i have posted this after checking the chart clearly
good luck
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Recently gbp/chf rate is 1.28203
In my observation today the best selling point is 1.28002
and by my mind today the profitable buy point is 1.28369
You will earn more money if you will obey my views
because i have posted this after checking the chart clearly
good luck
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The bullish movement on this instrument is still intact, though it�s getting tricky to find a suitable entry price. One way of handling this is to use both Buy Stop and Sell Stop orders in an equilibrium zone, so that I can catch the next price breakout. With this, I try to keep it simple and just wait for setups to unfold
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Recently gbp/chf rate is 1.28203
In my observation today the best selling point is 1.28002
and by my mind today the profitable buy point is 1.28369
You will earn more money if you will obey my views
because i have posted this after checking the chart clearly
good luck
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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