Charlieab94
Long

CHFJPY Long Trade *TREND CONTINUATION & FIBONACCI*

FX:CHFJPY   Swiss Franc / Japanese Yen
Simple trend continuation trade on CHFJPY .

Higher lows and bullish trendline with price now rejecting the Fibonacci 0.618 retracement level and TL.

Higher lows showing bullish momentum is still present so there is potential for CHFJPY to now break the resistance level at 112.00 and make a new higher high.

Stop Loss is at 30 pips to leave it below the 0.786
Trade active
Trade closed: stop reached
@Charlieab94 , Thank you for sharing your thoughts, I have been thinking the same but with a different analogy. Well done mate.
+1 Reply
@BannaKhan, Thanks mate :)
Reply
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