Chfjpybuy
CHFJPY Sets To Resume Another RallyCHFJPY has just completed a 5-3 "impulse-correction" Elliot wave cycle.
The corrective structure was complex and erratic due to the last few weeks of volatility.
However, the price seems to make a triple zigzag pattern and rejected 61.8% Fibonacci level that lined up with the weekly support zone.
Price has the potential to move higher in five-wave and target above wave A high is plausible in the weeks ahead.
Looking for bullish price action at HL will be a good signal to position in this new bullish trend.
What's your take on CHFJPY?
CHFJPY potential bounce!
CHFJPY expected to reverse up to 1st support at 110.666 where it could potentially react and bounce to its resistance at 1st resistance at 111.645.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CHFJPY potential bounce!
CHFJPY expected to reverse up to 1st support at 112.128 where it could potentially react and bounce to its resistance at 1st resistance at 113.018.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CHFJPY ELLIOT WAVE PATTERN FAVORS THE BULLS!I've already explained a lot with the description on the chart!
I will be looking for a pullback to the structural level to position for a long trade in one of the biggest impulse wave, wave iii of (iii).
I will be keeping eyes on it and GJ or EJ for a possible long trade!
What's your thought about CHFJPY? Kindly let me know in the comment!
Best of luck on the charts,
Veejahbee!
CHFJPY LATEST UPDATE.In the name of Allah, the Most Gracious, the Most Merciful.
CHFJPY LATEST UPDATE.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
USE TP AS PATTERN.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
CHFJPY has been ranging for a few days nowCHFJPY has been ranging for a few days now and it has gotten to the lowest level for the range, it's time to buy again and ride it to the top of the range.
An accurate entry price has been highlighted.
Use good money management.
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All the best!