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UnknownUnicorn772665
Apr 10, 2019 10:25 AM

CHFJPY Long Trade *TREND CONTINUATION & FIBONACCI* Long

Swiss Franc/Japanese YenFXCM

Description

Simple trend continuation trade on CHFJPY.

Higher lows and bullish trendline with price now rejecting the Fibonacci 0.618 retracement level and TL.

Higher lows showing bullish momentum is still present so there is potential for CHFJPY to now break the resistance level at 112.00 and make a new higher high.

Stop Loss is at 30 pips to leave it below the 0.786

Trade active

Trade closed: stop reached

Comments
BannaKhan
@Charlieab94 , Thank you for sharing your thoughts, I have been thinking the same but with a different analogy. Well done mate.
UnknownUnicorn772665
@BannaKhan, Thanks mate :)
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