Chfjpybuy
Bullish Gartley Long opprotunity (short term ) 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
CHFJPY shorterm positionThe 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.
long CHFJPY @ 60 min @ trading capability for this 51st week `16This 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
CHF/JPY, DAY CHART, LONG (11-DEC-2016)Note:
This pair already break the current support zone
at 112.x area.
Recently there is a pullback sit on support zone
and a bullish signal appeared! It is a 2B Reversal.
We are BULLISH on this pair
There are 2 ways to trade:
1. Long this trade now with R/R of 1:1 for TP1 a
nd R/R of 1:2.8 for TP2.
Or can use H4 or H1 chart to buy at dip
2. Wait the price fall back to the support zone.
Long this trade when there is a bullish signal appeared.
Can trade with right lot size.
And it is a less risk high return trade!
Caution on the CHF Libor Rate on Thursday. Volatility is expected!
Fundamentally, JPY is still weak among most of the positive outlook on economy.
TP1 can put at the next resistance zone and TP2 can put at next next resistance zone.
Trade with right risk management and psychology skills :)
chfjpy buy advice on daily strong supportChfjpy holding Strong support around 104-104.3 level
and also its dialy,weekly and monthly pivot if hold above 104 we can see 106-107 level
Advice to buy in range of 104.95-104.3 sl below 103.8 TP 106
Chfjpy Medium Probability Upward ChannelAmmm About this i can say that put less amount on this quite streched mputh like a crocodile i am just expecting few 100 pips drop on this.chfjpy
Reasons To Short:
Upward Channel (i know not that perfect but showing bearish VOLUME @ Traders action zone)
This is impulse Correction After Previous Impulse U Require To Trade The Next Impulse
Put Less Amount here Due To Chart Pattern not Proper.
Trade Safe
Regards MJ
Watch out for an impulse up! WXY almost complete.Similar structure to AUDJPY. But this pair should have more momentum than AUDJPY.
Another ABC down is a possibility. But with divergence there is a high probability that the correction is almost complete.
