CHFJPY – Buyers still holding market

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CHFJPY – Buyers still holding market

Trend: Buy/ Neutral

Support/Resistance:
R4: 113.482
R3: 112.858
R2: 111.965
R1: 111.286
S1: 110.824
S2: 110.392

Price action:
Buyers finally break important level which is proving main direction. Still we need some confirmation from sellers to go further which is between S1 and R1 for now. If buyers can hold above R1 they are headed to go to Higher high level and even further later, if daily analysis will tell us smart moves.

Potencial trade idea:
Bulls targets:
T1: 111.965
T2: 112.858
T3: 113.482
Bears targets:
T1: 110.392

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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