Thread: Gbp/Chf
dear mate i am trying to get market technical over view for GBP/CHF
according to market technical analysis the market have up trend
the market trend is in buy position
expected resistance and support levels
market price ----------1.2822
1- Resistance level----------1.2836
2- Resistance level----------1.2849
3- Resistance level----------1.2860
1- Support level-------------1.2807
2- Support level-------------1.2794
3- Support level-------------1.2784
the more probably trend here = bearish. And I see this bearish supported by the price that now on was near overbought area. For today move = I see this pair will probably more bearish if then price can break down to that 23.6 fib line (1.5303) = break from top.
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the more probably trend here = bearish. And I see this bearish supported by the price that now on was near overbought area. For today move = I see this pair will probably more bearish if then price can break down to that 23.6 fib line (1.5303) = break from top.
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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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Pair is :Gbp/Chrf
Today trend is : buy
today resistance and supporting level is:
Resistance is :
1,Resistance level is :1.2918
2,Resistance level is : 1.2929
3,Resistance level is :1.2940
Support is :
1,Supporting level is :1.2888
2,Supporting level is :1.2876
3,Supporting level is :1.2865
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GBPCHF till closed price this week = look on still move near that Supply area - just wait and see = then we can see the MACD on more probably pullback down too. So, yes, on my simple look = this pair on more probably to become bearish and search for sell (on next price movement) = better, I see.
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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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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
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.
Daily analysis about trend is sell
Resistance and Supporting level is :
1> Resistance is : 1.2853
2>Resistance is : 1.2866
3>Resistance is: 1.2880
1> Supporting is : 1.2827
2>Supporting is: 1.2813
3>Supporting is: 1.2800
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Evaluasion
Prices move down continues. do you think when it will be reversed, because I was afraid to open an instant sell position, because it could have a direct price moves up. for now I just move a pending order yesterday.
Position For Order:
sell limit 1 @ 1.3433
sell limit 2 @ 1.3438
Money Management (MM):
Use multilevel lot. ...Lot Position 3 > lot position 2 > lot position 1.
Stop Loss and Target Propit up to you, but i like to cut loss and cut profits.
Image link:
http://i1123.photobucket.com/albums/...1122-03-45.png
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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