We see the price moving up to 113. We will further elaborate the idea on lower time frame charts
FX:CHFJPY
Buy at 112.45 - 52 area 1st tp is 113.10 and 2nd tp is 113.75 SL IS 112 ,, Gartley pattern complete at D point 112.47 -55 level and then buy
The market is trading just below a trend line (the centre of the channel) dating back to the 3rd of the month. Momentum has been holding below the .3899 level. A break of the .3899 on momentum and the centre line of the channel on the market price will open up a long position aiming for the 114.20 area.
Note: This pair already break the current support zone at 112.x area. Recently there is a pullback sit on support zone and a bullish signal appeared! It is a 2B Reversal. We are BULLISH on this pair There are 2 ways to trade: 1. Long this trade now with R/R of 1:1 for TP1 a nd R/R of 1:2.8 for TP2. Or can use H4 or H1 chart to buy at dip 2. Wait the price...
WITH A CLEAR DOUBLE TOP FORMING , I AM EXPECTING THE PRICE TO HIT THE 0.38 SUPPORT ZONE ! THAT WILL BE A NICE 140 PIPS ! TP @ 108.350
PRICE IS FINISHING THE CONSOLIDATION PERIOD. EXPECT A BREAKOUT. ON THE CHART ATR LEVEL OF 1.4113 AND BEYOND THAT IS CONSIDERED AS HIGH VOLATILITY FOR THIS CURRENCY PAIR. FOR BUY: ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL; CONFIRMATION SHOULD BE A BREAK OF THE 106.326 FIB LEVEL. FOR SELL: ENTER TRADE ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL. IN ORDER TO...
CHFJPY, Trade carefully.
YOUR LIKE MATTERS : Give it a like if this has helped you in any way , follow for more ideas and daily updates. check out my AUDUSD idea linked below, there is still a chance to enter. NO EARLY ENTRIES, always watch for strong price action. It's better not to trade than loosing money.
CHFJPY HARDCORE BUY LIKE HELL. Target 111.000