View RSS Feed

mql5

GBP/CHF Technical Analysis 2016, 05.06 - 12.06: correction with possible breakdown to the bearish reversal

Rate this Entry
by , 06-05-2016 at 04:38 PM (1213 Views)
      
   
Daily price is on secondary correction within the primary bullish market condition: price was bounced from 1.4611 resistance level to below with 1.3816 possible target for the reversal of the price movement to the primary bearish market condition.

If D1 price will break 1.3816 support level on close bar so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started.
If D1 price will break 1.4611 resistance level on close bar so the bullish trend will be continuing without ranging.
If not so the price will be on ranging within the levels.

  • Recommendation for long: watch close D1 price to break 1.4611 for possible buy trade
  • Recommendation to go short: watch D1 price to break 1.3816 support level for possible sell trade
  • Trading Summary: correction

Resistance Support
1.4611 1.3816
N/A N/A

Name:  gbpchf-d1-metaquotes-software-corp.png
Views: 44
Size:  21.5 KB

Name:  gbpchf-w1-metaquotes-software-corp.png
Views: 50
Size:  21.3 KB

SUMMARY : correction

TREND : bullish

Submit "GBP/CHF Technical Analysis 2016, 05.06 - 12.06: correction with possible breakdown to the bearish reversal" to Google Submit "GBP/CHF Technical Analysis 2016, 05.06 - 12.06: correction with possible breakdown to the bearish reversal" to del.icio.us Submit "GBP/CHF Technical Analysis 2016, 05.06 - 12.06: correction with possible breakdown to the bearish reversal" to Digg Submit "GBP/CHF Technical Analysis 2016, 05.06 - 12.06: correction with possible breakdown to the bearish reversal" to reddit

Comments