CHFJPY is approaching our first support at 110.33 (horizontal overlap support, 61.8% fiboancci extension, 78.6% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 110.89 (61.8% fiboancci extension, 50% fibonacci retracement).
Stochastic is approaching support as well.
Trading CFDs on margin...
Chart time frame - H4
Timeframe - 1-4 days
Actions on -
A – Activating Event
Market will meet resistance in zone @112.1 - .... and fall to the @110.00. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @...