Analysis:
Strong upwards trend (bullish confluence factor)
Break and retest of previous area of resistance for support (bullish confluence factor)
50% fib retracement touch (bullish confluence factor)
Upwards trendline touch (bullish confluence factor)
CHF is the 7th strongest major currency whereas the JPY is the 8th strongest major currency (bullish...
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You can buy CHFJPY from 112.3-112.1
Stop-loss at 111.80
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1 HOUR
H1 Pullback towards 112.970 Pin and Support Level.
4 HOUR
Small Pullback and bearish reaction from 113.700!
DAILY
Very bullish market with several Highs formed, following this move.
LEVELS
BUY CHFJPY @ 112.260
SL @ 112.970 (30 Pips)
TP @ 113.640 (40 Pips)
RR: 1.30
Be patient about our Swing...
the setup chart is 1Day the trigger chart is 1hour, on the daily chart, the formal support as been broken and now resistance on the 0.98311 so price is going down to touch the next support level 0.9700 (note 0.9700 is a round number) NOW zoom to the trigger chart, the 1hour chart good luck guys
