Vincemushi

Vincemushi

This is the long term view of CHFJPY

Vincemushi

Entry 0.7870 sl 0.7950 Tg 0.7568 Trade with care.

Vincemushi

Potential bearish rally is on its way.

Vincemushi

The zone indicated in the middle of the chart is what will determine the direction of gold price for June. If you consider ABC to be wave 123 then the middle zone is the potential wave 4 and wave 5 is on the lower demand zone.

Vincemushi

Entry 0.7217 SL 0.7254 TP1 0.7146 TP2 0.7110 But You can also consider longing at price 0.7195 up to the completion of point D.

Vincemushi

Potential entry: watch until price rebound from the channel edge and pull back to 10255.29 SL 10447.01 Target 9919.58 In case price break the SL you can go long because there is a strong support at 10858.54 But somehow the chances are bearish and the price is above the 20,50 and 100 EMA so it is somehow in oversold state. Trade with care. Thanks

Vincemushi Updated 

The 100 days EMA is what will decide the trend for this pair as my analysis suggests. The price is now critical to break it or to pull back.

Vincemushi

E. 1.07359 SL 1.05771 1Tgt 1.1053 2Tgt 1.12883

Vincemushi

Entry potential 16.06 SL 15.88 1tgt 16.46 2tgt 16.64

Vincemushi

But the RSI is oversold!!!!! But if price break that zone on red it may completes Bat to point D.

Vincemushi

Entry 1.0747

Vincemushi

Entry 2090

Vincemushi

Entry 1.11216 Sl 1.1102 Tp 1.1193

Vincemushi

Entry 1226.70

Vincemushi

Entry 0.9884 SL 1.0000 1 Target 0.9784 2 Target 0.9663 3 Target 0.9493

Vincemushi

Entry point: 1.45236 SL: 1.47673 1ST TARGET 1.45236 2ND TARGET 1.44475 3RD TARGET 1.43290