GBPCHF Projection or retracement target?

J

just21

Looking for a target in GBPCHF which is trading at an all time low, currently 1.5284.

Projection July 07-mar08 decline projected from may 08 high gives 123.6% level at 1,4220.

Retracement same move gives -78.6% at 1.5225 and -100% at 1.4075.

Anybody got any targets for this pair?
 
What is the 127.2 retracement? I have heard of the 123.6%.

I had two come in at 1.52. July 07-mar 08 -78.6% and april 08-nov 08 -61.8%. Low was 1.5116.
 
1.272 is the square root of 1.618, phi. I use it every day quite effectively on a variety of markets. How is 1.236 derived?
 
Has it been working for you? I'd think that would only apply to very specific circumstances.

Anyway, I know that's not what this thread is about - just offering my 2 cents on targets.
 
I don't really trade technically, I sold the pound as I live in the UK and have to listen to Mcbust lieing on Al Beeb all the time. Got to buy it back somewhere as the news flow is universally negative. Market looking for parity on EURGBP but I was waiting for parity on USDAUD but it never came!
 
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