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ChfJpy Daily chart - I see price trading in a bullish wedge/flag consolidation pattern on daily chart but the main trend is bullish so I am anticipating a break out and a bullish impulsive move on this pair over the coming weeks.
unfortunately we're taking out at breakeven the second position of our previous trade (see attachment). But that doesn't mean we'll be out of this market for long; in fact, we've already found another opportunity to enter this market, hoping in a continuation of this upward trend (that's now in consolidation). As long as we see prices above X i'll be ...
in front of you you can see two charts, and that's because i wanted to give you a better perspective on how i look at the markets. As you can see on the left (daily timeframe) price has recently broken and closed above multiple resistance levels, which is an indication of a long bias. Therefore our mindset is now on "buy opportunities" and we can take a ...
The trade of the year continue, buying the dips in the yen pairs. It seems not to matter which one you buy or when just as long as you do not buy the yen chances are you will make money. For this sytem we have to wait for a pullback and a 3 wave pullback has developed here, entry will triggered if price moes into the blue box and stop loss will be set to allow ...
Long CHFJPY: Buy the dips in the Yen pairs, the monetary policy situation in Japan means this basic strategy will continue to pay dividends.
The CHFJPY has an incomplete bullish sequence meaning it is likely to push higher, the trend is clear and a potential three wave pullback is forming.
I will need to see stochastics re set and price move into the buyng ...
potential long entry
either right now targeting the next resistance (channel)
or wait for the retest of the trendline and then go long
the dealing range at 0.009359 if kast week should be touched then price should jump back to the 4 hour Resistance of 0.009396 and then the daily level of 0.0009400... will see next week