Entry - 112.960 SL 112.300 TP1 - 114.700 TP2 - 115.150 Red Dotted lines are temporary S&R levels Orange lines are more well respected S&R levels
Price at a reversal area, where we can see some sensitivity to this zone..
Break of demand zone, now being rejected as a new supply zone, we should see a strong move to the downside this upcoming week..
price is at the bottom of channel and divergence is coming in rsi and macd positive divergence whats your idea
CHFJPY retracing in wedge formation, in couple of weeks possible breakout to the downside.
As we can see CHFJPY has touched it's support level and now moving up side. Buyers are in. Trade at your own risk.
Midterm forecast: .There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 117.00 would begin in Midterm. .Price may also reach 117.00, if price reaches this level, we may enter by Daily-Trading-Opportunities. .We will close our open trades, if the Midterm level 117.00 is broken. Trading suggestion: .We have...
Price in a steady downtrend, making lower lows & lower highs. Price testing previous support now resistance, where I will watch for a reversal candlestick for entry down to support & potentially lower..
Yen has broke out from is downward trend past few weeks ago and now is hitting immediate resistances in the following days. The pullback to retest the ending diagonal breakout should provide ample opportunities to short Yen until hitting support of the breakout area and from there going long Yen to ride the new trend created. I wouldn't recommend shorting Yen...
Price is hovering around the upward support trend line formed on the 1hr time frame offering a good entry if the trend were to continue and after doing some analysis, I also noticed a bullish bat pattern form in the 15m chart which is also a bullish indicator. I'm long on the pair with initial targets highlighted in green.
CHFJPY possible long. the price is on a TL, expecting it to change trend from here on. (lmk your thoughts) :)
Counter trendline broken, now waiting for a break & retest of the supply level for entry. Price bounced off its weekly ascending trendline as well. Price forming a new trendline now, & should continue to the upside after rejecting key level support.
D1 - Price reached uptrend line, hidden bullish divergence formed. H4 - Bullish divergence. H1 - Multiple false breaks, alternative trend line false break, bullish divergence. The price has broken above the downtrend line and also it has currently broken above the middle point at 115.186. We can now join the bulls aiming the price to reach the target zones...