Blazing-FX

Blazing-FX

Daily timeframe analysis . CHFJPY had formed a very strong resistance, and has always bounced off after testing the resistance. And the market being a ranging market, has a similar strong support zone. With these stated, it is expected that as the market has bounced off the resistance, it will find an area to rest on the support before retracing to the resistance...

Blazing-FX

The market has maintained its zig-zag movement inside the bullish channel for a month now. This only shows how both currencies are fighting for power and how very liquid the market has been. Just a little glitch though, and that is the fact that You'd have too either place a limit order for when the market hits the support diagonal line, Or you could play...

Blazing-FX

I found myself a bullish market and I from my analysis, also consulting my fib retracement tool, I decided that I could go long. Using the price 1.34665 as my swing high, and 1.30675 as my swing low. The market has tested the 38% on my fib, hoping for a possible retracement all the way down to the price 1.34963 breaking the previous resistance. I may possibly be...