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GBPCHF – Bearish in the LT charts

The GBPCHF was today’s best opportunity and it could be this week’s opportunity. Lets take a look at the weekly chart:

GBPCHF

GBPCHF

Just broke through an important LT support level and the next LT support level is more than 400 pips away from where the GBPCHF is trading right now. Keep an eye open on this one.

Trade Safe!

Raul Lopez
http://www.straightforex.com/

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This entry was posted on Tuesday, August 31st, 2010 at 11:02 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “GBPCHF – Bearish in the LT charts”

  1. Smi says:
    September 1, 2010 at 2:34 pm

    this traded went well yesterday..31/08/10
    it has bounced off lops 1 this morning and is retracing…thanks for your guidance on this pair.
    p.s.
    the planned webinar on 1/092010 did not launch this morning!

  2. smi says:
    September 1, 2010 at 5:23 pm

    this was a very good example off seeing the market behave in real time, as planned…now I understand the statements:
    -”plan the trade and then trade the plan
    - trade smart and not often

    Thank you…you are one of the best mentors any beginner student can wish for