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!

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback