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
Note
Trade Closed - Stop Loss HittedNote
Loss 18 Pips
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.