FX:CHFJPY   Swiss Franc / Japanese Yen
CHFJPY is currently looking good for a bullish move. In my previous mark up, i mentioned i would be keeping an eye on how price reacted around a daily timeline i plotted. ( I have attached that mark up below) As you can see, price broke above that trendline and continued to move higher until we reached a point of resistance where price as i would see it retraced. I marked the 50% retracement level with the grey horizontal line where we may see price move higher toward our take profit marked at the green line.

Always note that as price moves i.e retraces more to 0.618 the take profit would be adjusted accordingly and this is the case with all my mark ups.

Grey line- Entry
Green line - Take profit
Red line - Stop loss
Risk per trade - 1%

If you don't follow me already, hit that follow button :)
Instagram @Eclectas

Telegram Channel @Eclectas

Linkedin @Eclectas
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out