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Forex Trade Alert for GBP/CHF


FOREX Trade Alert for GBP/CHF

Forex Trade Alert for  GBP/CHF.

< Forex Trade Alert for Friday  Sep 12, 2008>

On Sep-12-2008 a candlestick formation confirmed a buy signal. ForexGenie Action: ==>   BUY this currency pair gbp/chf 2.0037.  Stop at   1.9775.   Wave 4 could go up to   2.0257  or to  2.0607.

Monthly Pivots.
The [R3] or the most extreme high trading range is 2.1425.
The [R2] or the extreme high trading range is 2.1126.
The [R1] or the  high trading range is 2.0590.
The [P] or pivot point is 2.0291.
The [S1] or the low trading range is 1.9755.
The [S2] or the extreme low trading range is 1.9456.
The [S3] or the most extreme low trading range is 1.8920.
Current Day Trading Session:
No signs of upward momentum at this time.
Next Day Trading Session:
If the next day’s close is above 2.0037 then that could be a sign that new upward momentum is beginning.

Important Notice :

When trading Forex it is important to know your risks. If you have only been trading for a short time it is highly recommended that you start with a demo account first. Forex trading is highly risky and normally it takes 3 – 5 years to become a successful forex trader. Only risk that which you can easily afford to lose. Forex trading is not a get rich quick scheme, but if managed carefully, it is an excellent investment.

ForexGenie

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