CHFJPY – Buyers proved weekly boom

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CHFJPY – Buyers proved weekly boom

Trend: Strong Buy

Support/Resistance:

R3: 110.822

R2: 110.394

R1: 110.242

S1: 109.947

S2: 109.739

S3: 109.369

Price action:
Buyers had proved buyers up move from last days. Sellers tried to push market lower but the price end of previous day closed at S1 which gives buyer stability over market. If buyers can push market to R2 and hold above R1 then we can follow R3 target. If momentum will show us deny on this trade and sellers will push below S2 then we can wait retracement to S2. Even if sellers can push market lower this trade will not be dead. In this case we have to follow elite price action moves, we’re teaching.

Potencial trade idea:

Bulls targets:

T1: 110.394

T2: 110.822

Bears targets:

T1: 109.369

NOTE – We are trading CHFJPY via the preferred trading setups

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Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

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