CHFJPY
on the 12th of January, I had 2 ideas on CHFJPY, it gained momentum and broke up wards towards the key level i thought it would break by, 113.67 - 114.264 key level range so I closed my positions because the "M" pattern was broken
Then on Wednesday or thursday of last week, I opened another short from 114 but closed because I was too close to my stop loss, had taken some losses on gold so i wanted to stop trading for the day and just wanted to focus on gold
but now if i look at it It broke right where I predicted, so to add to my TA
I believe we are still within the key level area 114.2 - 113.73, I will watch as the day open but could possibly open a short from here to 111.9 if it fails to break above this area, so I will watch this area and Try to catch a short to 113 or 112.6 based on a fib retracement from the top of the daily
if chfjpy breaks above this level I think it could go higher towards 115.5 but I think a retracement will happen before then
112.5 first Tp
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on the 12th of January, I had 2 ideas on CHFJPY, it gained momentum and broke up wards towards the key level i thought it would break by, 113.67 - 114.264 key level range so I closed my positions because the "M" pattern was broken
Then on Wednesday or thursday of last week, I opened another short from 114 but closed because I was too close to my stop loss, had taken some losses on gold so i wanted to stop trading for the day and just wanted to focus on gold
but now if i look at it It broke right where I predicted, so to add to my TA
I believe we are still within the key level area 114.2 - 113.73, I will watch as the day open but could possibly open a short from here to 111.9 if it fails to break above this area, so I will watch this area and Try to catch a short to 113 or 112.6 based on a fib retracement from the top of the daily
if chfjpy breaks above this level I think it could go higher towards 115.5 but I think a retracement will happen before then
112.5 first Tp
DM TO JOIN MY TELEGRAM