pedro.grilo
Long

GBP/CHF uptrend to continue?

FX:GBPCHF   British Pound/Swiss Franc
246 7 1
The GBP/CHF             is correcting the 3rd wave and aproaching a important uptrend line that is rocking since August... this correction has been sustained with the boost of the EUR/USD             that touched today the 1,37... i am expecting GBP/CHF             to reach 1.50 in 30/45 days...

update 1 at 16-12-2013 - it broke the daily trend line but i'm suspecting of a false break so we need 2 more days to confirm the break or to keep with this chart on target to 1.50 in next 30 days.
pedro.grilo
2 years ago
bingo, there is the spike... now we should wait to see the confirmation or the retracement... (y)
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pedro.grilo
2 years ago
As soon as i expected... so now it's time to sellers get ready cos it almost time to start surfing that wave!!! ;-)
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pedro.grilo
2 years ago
I just need to play some lottery.... the target has been hit exactly at the predicted day... cool... now prepare for the drop the collect he pips somewhere around 1.4750... enjoy the ride!! ;-)
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cage117
2 years ago
Good call. I see we've gone another 60 pips higher, what kind of retracement would you expect to see soon or do you think it is onward and upwards from here?
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pedro.grilo
2 years ago
according my draws, the fibonaci since 18th december to yesterday, is pointing for the 50% retracement to exactly my 1.4750 where i have my TP's. If it goes deeper we can expect 1.4550... and this can takes something like 20 days or more...
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cage117 pedro.grilo
2 years ago
so there we are at 1.4750…do you think it will hold?
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pedro.grilo cage117
2 years ago
it happened too fast.... 3 major brick walls coming if continues the way down... first wall at 1.4615, second wall at 1.4550 and the last one at 1.4490... again the next 48 hours will confirm the direction.... by the way, likes are appreciated in my charts and comments... many thanks! :-) anyway i've started building the pull up with tp's at 1.51
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