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Chfjpylong

CHFJPY +300 Pips Coming Soon?Here Is the Idea Target - We have tons of equal highs on the monthly and I believe we will be making a run for them this week or at least sometime this month. I like the fact we respected an old support level + cleared 3-4 weekly lows + reversed on them and closed above. This is the type of behavior I like to see. The close above the lows shows not only were the lows bought up, but price should remain above them now as institutions protect their positions. The next logical target is 118-119 which is about 300-400 pips north of price. Last week we also made a new high after clearing the lows. It also helps the Yen looks weak overall for this week, and maybe next. The swiss also looks strong across the board. Strong/Weak= ^
Long
by elevatedinvestor
CHFJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
6
CHF/JPY TRADE IDEA Hey tradomaniacs, welcome to new free trade-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! CHF/JPY: Daytrade-Preparation Market-Buy: 116,600 Stop-Loss: 116,265 Target 1: 116,920 Target 2: 117,090 Target 3: 117,340 Stop-Loss: 34 pips Risk: 0,5% - 1% Risk-Reward: 2,30 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
6