11:55Forex Signals on GBP / CHF on 10/25/2013
|Forex Signals on GBP / CHF on 10/25/2013|
The pair GBP / JPY on the 4-hour chart is trading within a downtrend. Trading is below the moving average with a period of 55 to 4 hourly chart (level 1.4554 ) , which contributes to lower prices in the short term.
The signal for the opening of the long position will sample the results of 4 hour candle of resistance at 1.4472 in order to increase the resistance at 1.4523-1.4588 . Stoploss for this strategy can be placed at 1.4410 .
The signal for the opening short position will sample up to 4-hour candle support at 1.4408 to decline to the support at 1.4355-1.4303 . Stoploss for this strategy can be placed at 1.4480 .
Given that the moving average and the location of the boundaries of technical figures over time, moves to the hourly chart to adjust their status. I also recommend the open position up to an hour to avoid false breakouts.
In the case of a strong movement in the breakout technical figures, I recommend to wait for Xia correction. That level, which was the resistance should be strongly supported and it was near this level should open position in the direction of the breakdown.
Alexei Oleg , a portal "Forex Analysis " - signals , forecasts
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