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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