CHF/JPY, after a steep fall, consolidated in a tight range.
After consolidation, it made a bullish breakout which hints a trend reversal.
Hence, we expect the pair to move to the resistance at 111.137.
Hello,
Given the repeated failure of CHFJPY to conquer five-week long resistance lines, the pair is likely to decline to 109.45 and 108.95 supports for now; however, 108.20 could limit the quota's downside to 108.95, if not 108.45 & 107.60 could regain market attention. If the trading to the south continues at all prices below 107.60, the recent low around 106.35...
I think this pair is going short in the specific supply zone. I expect that the price arrive this area and drop. the risk reward is 1:3. Very important is control the risk always and the size of the position following the trading plan.
I think this pair is going short in the specific supply zone. I expect that the price arrive this area and drop. the risk reward is 1:3. Very important is control the risk always and the size of the position following the trading plan.
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ALERT SIGNAL FOR POSITIONAL
TRADE ALERT SIGNAL
DATE -14/10/2018
BUY ENTRY 1 - 112.590
BUY ENTRY 2 - 112.058
STOPLOSS-111.670
TARGET 1 - 113.116
TARGET 2 - 113.626
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HOW WEEKLEY WIT SIGNAL IS VALID
FOR DAILY INCOME TRADER(DIT)
1,IT IS VALID UPTO 24 HOURS,ONCE IT HITS THE...
Chfjpy looks like a strong breakout pullback setup clearly represented by a red trendline wherein a strong support is broken and retested again as a resistance with a candlestick confirmation popularly known as bearish pinbar . The whole area represented by pink colour is a strong confluence resistance zone wherein the 200 EMA is also coinciding with the trendline...
Chfjpy looks like a strong breakout pullback setup clearly represented by a red trendline wherein a strong support is broken and retested again as a resistance with a candlestick confirmation popularly known as bearish pinbar. The whole area represented by pink colour is a strong confluence resistance zone wherein the 200 EMA is also coinciding with the trendline...
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 108.35 would begin in Midterm.
Technical analysis:
The RSI bounced from the support #1 at 26 and it prevented price from more losses.
The RSI downtrend #2 is broken, so the probability of beginning of uptrend is increased.
A trough is...
New trading suggestion:
There is possibility of temporary retracement to suggested resistance line (110.30), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Midterm forecast:
While the level 110.30 is not broken, the Midterm wave will be downtrend.
Price may also reach 110.30, if price reaches...
FOLLOW US to HUNT with US by TREND HUNTER STRATEGY!
Total Profit: 1023 pip
Closed trade(s): 223 pip Profit
Open trade(s): 800 pip Profit
Trade Setup:
We opened 10 SELL trade(s) @ 115.14 based on 'Two-day reversal candle( Shooting Star )' entry method at 2017.10.23.
Closed Profit:
TP1 @ 114.65 touched at 2017.10.26 with 49 pip Profit.
TP2 @ 113.40...
