USDCHF Has Formed a Flag
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USDCHF on D TF, on the Bullish move it has formed a Flag, we expect the price to go up
⬆️Buy now or Buy at 0.9074
⭕️SL @ 0.9049
✅TP1 @ 0.914
✅TP2 @ 0.9200
✅TP3 @ 0.9273
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Chfjpybuy
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Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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CHFJPY ReversalAnalysis done on the daily timeframe. If you follow me you may remember i posted a chart predicting the CJ short. FOMC was the main factor behind this move as i didn't expect it to go down as much as it did, but now is a great opportunity to look for buys.
As you can see, i have a trendline drawn. Price has respected it each time it's come down. I also have some key support and resistance levels identified, as well as supply and demand zones. Price has bounced up from the middle zone already and it will probably keep retracing for a bit before coming back down. I'm personally looking to buy somewhere from the bottom pink zone, but it depends how long it takes for price to go down there - I may look to buy from 118.080 instead.
I'm going to wait before i start entering anything.
Updates to follow, follow me to see them.
CHF/JPY Potential Upward Movement 🚀 Technical Analysis:
The price is trading inside a bullish flag which indicates that we are in a correction before an impulse to the upside. The pair is heading toward the area of confluence which is made by the 61.80% Fibonacci retracement and the strong support. This will lead to a move upward in the same direction of the main trend.
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Trade Idea:
Buy Limit Order @ 122.18
Take Profit @ 122.45
Stop Loss @ 122.08
Trade Safely 🙂
CHF/JPY Potential Upward Movement 🚀 Technical Analysis:
The price posted a head and shoulders near the lower end of the bullish flag. This led to a breakout to the upside. A lower correction might be seen before the rally upward in the same direction of the main trend.
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Trade Idea:
Buy Limit Order @ 121.93
Take Profit @ 122.34
Stop Loss @ 121.77
Trade Safely 🙂
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