#CHFJPY in a key moment. Two possible sceneraios:
- We could see a rise from the actual value to the next resistance around 118.70
- If we lose the key support we could see a downtrend for the next support above 116.
Welcome to our Trade Setups - April 14th ( CHFJPY ) !
ENTRY LEVEL @ 118.033
SL @ 120.000
TP @ 114.000
Max Risk: 1% - 3%!
Risk/Reward Ratio: 2.05
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Have a great week everyone!
Was trading within a range only the range was around 300 pips from 116.00 to 119.00.
From 116.500 it went bullish up to 119.00 and reached 2021 yearly high and started falling towards yearly low levels. CHFJPY will fall towards 114.00
Sell @ 116.500
Take profit @ 115.100
Stop lose @ 116.850
CHF/JPY (Daily Timeframe)
A high probability, entry to go SHORT is forming @ 116.154 after the market found resistance @ 117.772. Only the upward break of 117.772 would cancel this bearish scenario.
Stop loss: 117.772
Take profit 1: 115.199
Take profit 2: 113.581
Take profit 3: 110.944
Strategy: Bearish Trend Reversal
CHFJPY AFTER SUCCESFULLY BREAK THE PREVIOUS RESISTANCE ZONE...NOW IT BACK TO THE SAME RESISTANCE ZONE..
NOW THE RESISTANCE ZONE CAN ACT AS SUPPORT ZONE...WAIT FOR CONFIRMATION AND THEN GO LONG...
IF IT FAILS..THEN YOU CAN MAKE THREE TRADES WHICH SHOWN ABOVE...
I posted this earlier in the week but made an error on my chart and was targeting the wrong zone.
Here, we can see price has now touched a good demand level, which meets all of my requirements for entry. We're now just waiting on price action to develop.
chfjpy supported buy sloping moving average looking for bulish. confident about bulish.
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Idea is not the financial advice!
welcome to another free trading-setup.
Point Of Risk-Reduction: 116,980
Stop-Loss: 21 pips
Risk: 0,5% -1%
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