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Forex: GBPCHF [Conditional Trade]

June 15, 2011 Leave a comment

Based on M5 chart time frame, a bullish trend is beginning to form in GBPCHF. Wait for correction and if it successfully breaks up again above resistance at 1.3839, then it will be possible to take on a long position at 1.3840 with an initial target at 1.3880. Place a stop loss at 1.3820. (HP)

Forex: GBPCHF [Conditional Trade]

May 26, 2011 Leave a comment

There is a potential breakdown scenario developing on the M15 chart of GBPCHF. We are looking for a move below the 1.4173 support, which should see it continue on to 1.4133.(MT)