empty
 
 
25.01.2013 10:21 AM
GbpChf finally breaks 1.4670/1.4700 convincingly. Recommended to initiate short positions

This image is no longer relevant

Technical outlook and chart setups:

As depicted on the 4H chart view here, the prices have broken down on the support region of 1.4700 clearly. Immediate chart resistance is now at 1.4770 region followed by 1.5050, while support is not before 1.4600/1.4500 respectively. Aggressive long positions, if were taken yesterday, need to be covered up. Furthermore, the past support region of 1.4700 is now turned into resistance. Trading strategy from here on should be to sell intraday rallies through 1.4700/20. Looking lower from here on.

Trading recommendations:

Initiate short positions now (1.4670) and intraday rallies through 1.4700/20, stop is at 1.4800, and target 1.4600/1.4500.

Good Luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback