CHFJPY – Buyers on waiting spot

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CHFJPY – Buyers on waiting spot

Trend: Buy/ Neutral

Support/Resistance:
R2: 113.005
R1: 112.838
S1: 112.697
S2: 112.585

Price action:
Market is still on very strong bullish side from CHFJPY currency pair trending idea. But the problem is bearish momentum, which can bring problems to buyers till the right dirrection is not broken. So buyers has to broke first resistance at 112.838 level to continue back to daily recent higher high level. On the other side, if sellers will broek first support level at 112.697, then lower timeframe has opportunity to sell contra trade to second support level at 112.585.

Potencial trade idea:

Bulls targets:
T1: 112.838
T1: 113.005

Bears targets:
T1: 112.585

NOTE – We are trading CHFJPY via the preferred trading setups


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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