empty
 
 
17.05.2013 03:31 PM
GbpChf bounces off 1.4600 (potential support). Initiate long positions

This image is no longer relevant

Technical outlook and chart setups:

A short-term view, 4H has been presented here for smaller wave structure identification. The single currency pair has still not broken any of the trendline supports. Furthermore, immediate support at 1.4580 remains intact. It is recommended to initiate long positions now, around 1.4700/05, with a potential target round 1.49 level. Intermediary resistance is at 1.4820, followed by strong resistance at 1.5, 1.51 and higher up; while supports are through 1.4580, followed by 1.45, 1.44 on the lower side. A push through 1.48 will ensure another high at 1.49 and possibly through 1.5 levels as well. Bottom line: Looking higher for now, only a break below 1.4580 would change the scenario.

Trading recommendations:

Long now at 1.4700/10, stop is at 1.4570, and target is at 1.49.

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