empty
 
 
09.08.2012 09:50 AM
GBP/CHF At Resistance - Technical Analysis and Trading Recommendations

This image is no longer relevant

 

Technical Outlook and Chart Setups:

As depicted above, Gbp/Chf has initiated a pullback right from the Fibonacci extensions of 1.5100 yesterday. At this moment, the single currency pair is at resistance near the 1.5230/50 area. This level was also the past support. It is quite possible that bears take control from this point and drag it down towards the 1.5000 confluence area before finally rally towards fresh highs. We recommend to go short at this moment with an equal risk/reward ratio.

Trading Recommendations:

Go short around these levels 1.5230/50, Stop 1.5400, Target 1.5000.

 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 $10000 more!
    In January we raffle $10000 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