GBPCHF-July 21, 2011

[LM33]

Hi Guys, I am checking out GBPCHF and it looks like it's due for a 700pt downward move!!! Currently crossed upwards across daily trendline and in a flag pattern just like it was a couple of weeks ago. Is anyone else following this and if so what do you think?

[Yick]

Hi Guys, I am checking out GBPCHF and it looks like it's due for a 700pt downward move!!! Currently crossed upwards across daily trendline and in a flag pattern just like it was a couple of weeks ago. Is anyone else following this and if so what do you think?

Don't follow it but will have a dash :

Currently hanging around the zone as shown on chart

IMO any short entry around current levels would need about a 200 pip stop - above yesterday's spike high and 4 hour 200EMA

gbpchf.jpg