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Short

CHFJPY – Sellers on the track

FX:CHFJPY   Swiss Franc / Japanese Yen
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CHFJPY – Sellers on the track

Trend: Strong Sell

Support/Resistance:
R2: 112.111
S1: 111.768
S2: 111.373
S3: 111.034

Price action:
Market on CHFJPY currency pair is in buyers territory, but sellers are taking over buyers. If sellers can break first support then we can easily follow first target. If buyers are not able to defense from 111.373 support level , then sellers might continue to second target at 111.034.

Potencial trade idea:
Bears targets:
T1: 111.373
T2: 111.034

NOTE – We are trading CHFJPY via the preferred trading setups


Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Elite system, Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

Good trading!

Elitefxacademy

Comments

here is what i will be following on it, quite interesting pair
Reply
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