#CHF_JPY price action just landed safely on the Weekly support (Demand zone), plus Fibonnaci support 79% level and took-off to form a reversal candlestick formation (Bullish Pin bar), heading to the first weekly resistance TPs!
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Recommendation:
#LONG @ 108.400
#TP1 at 109.500 #TP2 at 112.350 #TP3 at 115.480 & #SL @ 107.300
#Risk_Reward_Ratio ~ 1:6
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Disclaimer: The given analysis/recommendation based merely on my own ideas, simulations, and market analysis. Any position taken with this recommendation is only based on your own independent actions without any obligations on my side.
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#FX #CHF_JPY #TechnicalAnalysis #PriceAction #Scaning #WeeklyTimeFrame #FinancialMarkets #Charts #Fibonacci #Correlations #Long #Short #Bears #Bulls #MediumTermStrategy #Supply #Demand #CandleSticks #GlobalMarkets #RSI #StochasticOscillator #ElliottWaves
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Recommendation:
#LONG @ 108.400
#TP1 at 109.500 #TP2 at 112.350 #TP3 at 115.480 & #SL @ 107.300
#Risk_Reward_Ratio ~ 1:6
____________________________________________________________________________________
Disclaimer: The given analysis/recommendation based merely on my own ideas, simulations, and market analysis. Any position taken with this recommendation is only based on your own independent actions without any obligations on my side.
____________________________________________________________________________________
#FX #CHF_JPY #TechnicalAnalysis #PriceAction #Scaning #WeeklyTimeFrame #FinancialMarkets #Charts #Fibonacci #Correlations #Long #Short #Bears #Bulls #MediumTermStrategy #Supply #Demand #CandleSticks #GlobalMarkets #RSI #StochasticOscillator #ElliottWaves