1minute with ForexSurvivor

Latest impact: GBPCHF: Initiating the bear again

Keep the following post working ref to GBPCHF and shift the exit towards a close above 15150.

Reminder: Posted on 30 Oct 2012

Latest impact: GBPCHF To Regain the Lost Path

GBPCHF rally was halted @ MA100 @ the reading of 15110. Since then, the cross kept crawling using a lower low tactic. Therefore, we would prefer to initiate the move with the bears that come out by force by selling the current price (15000), adding 15077, targeting 14940. Only a close above 15110 negates the bearish assessment.

Comment: Sold 15000, added 15077…position working