DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas" Ok guys so I was checking out some support and resistance on the Swiss Franc / Japanese Yen pair. Last night there was a breakout on...
Buy at 112.45 - 52 area 1st tp is 113.10 and 2nd tp is 113.75 SL IS 112 ,, Gartley pattern complete at D point 112.47 -55 level and then buy
look for best short entry based on cypher pattern
Tp1 0.382, tp2 0.618 with SL above X leg Resistant
The market is trading just below a trend line (the centre of the channel) dating back to the 3rd of the month. Momentum has been holding below the .3899 level. A break of the .3899 on momentum and the centre line of the channel on the market price will open up a long position aiming for the 114.20 area.
FX:CHFJPY Safe Trades;
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Chfjpy Trading around 114.55 where Rejecting above 115.5 level and in RSI also we can found divergence. If its hold below 117 level we can see its toward 108-110 soon. Advice to sell in range of 114.55-116 SL above 117.5 TP 110 use small lot as its Risk Vs Rewards