empty
 
 
14.03.2013 01:16 PM
GbpChf rally accelerates higher than 1.4240/50. Reduce risk on long positions

This image is no longer relevant

Technical outlook and chart setups:

As expected and seen here on the 4H chart view, the single currency pair has managed to post a rally above 1.4250 level at the moment. Also please note that the counter trendline (shown here) has been clearly broken by price action and hence it is safe to assume a rally further up towards 1.4450 level. Intermediary support is still at 1.4030 level, followed by 1.4; while intermediary resistance is at 1.4280, followed by 1.4350 and higher up. Looking into the wave structure again, the AB boundary is 1.4 to 1.4280. The retracement has bounced off from the 0.786 Fibonacci retracement level, and extension is around 1.4450 level, as depicted here. Looking higher at least in the short term.

Trading recommendations:

Remain long, (1.4150/60), move stop to 1.4150 (breakeven), and target is at 1.4450.

Good Luck!

Ringkasan
Urgensi
Analitik
InstaForex Analyst
Mulai berdagang
Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $6000 lebih banyak!
    Pada Desember kami mengundi $6000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback