CHFJPY H1 Long TP1 : 115.910 TP2: 116.508 Entry: 115.600 SL: 114.900 This is not investment advice
CHFJPY is testing major support at 115.89 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, Elliott wave structure) and a bounce could occur at this level to drive price up to at least 117.05 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 1.5% where a corresponding bounce...
Buy above 115.90. Stop loss at 115.44. Take profit at 117.10. Reason for the trading strategy (technically): Price is testing major support at 115.90 (61.8% Fibonacci extension, horizontal overlap support, Fibonacci retracement) and we expect a strong bounce from this level to push price up towards 117.10 resistance (50% Fibonacci retracement, horizontal...
This pair has fallen down into the cloud and I am waiting for a breakout back up and out of it to look for an entry. I am targeting the top of the bullish cloud as my target. If our bullish confirmaitons end and switch to bearish, it will invalidate this setup
Buy Bottom of channel with 0.500 Fib support Target 118.461 - 450 pips Short stop 112.370 if breakout below channel FX:CHFJPY
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.
Chart Time Frame: H4 ENTRY CURRENT LEVEL 113.45 STOP 113.150 TP1: 113.850 TP2 : 114
Time Chart Frame: H4 Levels as described on the chart
Clean setup, entered an hour ago. Expecting a move to the upside. Target around the previous highs. 100 pip target
We may see a potential move to the previous monthly resistance level. However we need a confirmation before going long. No entry yet. However if we see a trendline break, we will probably see a push to the downside to the weekly support level. As I said, we need to wait for a confirmation.
Im hoping that this market will be bullish at this week
break the trendline. buy on retest will be a good idea