Weekly Structure - Uptrend
Daily Structure - Uptrend
CHF-JPY is moving sideways between 114.350 and 111.650 since 16th January. Between the last 111.650 and the last 114.350 and achive now the 61,8% Fib. We can see alo that price has created a double bottom and have been rejected several times on 112.500 (Organe line).
I believe price is moving higher at least 113.400 (Last high resistance). Price could also stop at 113.000 (another resistance).
TP1 - 113.000
TP2 - 113.400
SL - 112.363 (18 Pips)
R/R - 4.76
Daily Structure - Uptrend
CHF-JPY is moving sideways between 114.350 and 111.650 since 16th January. Between the last 111.650 and the last 114.350 and achive now the 61,8% Fib. We can see alo that price has created a double bottom and have been rejected several times on 112.500 (Organe line).
I believe price is moving higher at least 113.400 (Last high resistance). Price could also stop at 113.000 (another resistance).
TP1 - 113.000
TP2 - 113.400
SL - 112.363 (18 Pips)
R/R - 4.76
Comment:
Trade Closed - Stop Loss Hitted
Comment:
Loss 18 Pips