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Chfjpybuy

CHFJPY testing major support, prepare for a bounce Buy above 115.90. Stop loss at 115.44. Take profit at 117.10. Reason for the trading strategy (technically): Price is testing major support at 115.90 (61.8% Fibonacci extension, horizontal overlap support, Fibonacci retracement) and we expect a strong bounce from this level to push price up towards 117.10 resistance (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support above 5.9% where we expect a corresponding bounce from.
Long
by MEX_Exchange
Cypher Pattern on CHFJPY. Long again?Hey guys, unfortunately we're taking out at breakeven the second position of our previous trade (see attachment). But that doesn't mean we'll be out of this market for long; in fact, we've already found another opportunity to enter this market, hoping in a continuation of this upward trend (that's now in consolidation). As long as we see prices above X i'll be look for long opportunities because the daily chart is still pointing higher. Therefore this could be another way to enter a trade on the overall trend direction, and you can use this information to move your second target (first would be as usual for harmonics, 382 of AD) at the highest point of this recent channel. Order's set. If you have any question/idea, you can comment down below. Otherwise, see you in the next chart!
Long
by Roker1