CHFJPY - at the moment we are in the middle of the market and have nothing to do due to where the price is. We can however look for our next moves on this pair.
So we have marked out what to expect on this and where we will look to place our trades. If price continues up from here then we will look to place a sell at the support level 118.136. We can see from previous years this is a nice level for price action and has shown a strong support previously.
In the instance we see price slow down we can look to place a buy at the support 114.328. You can see previously that this has been used as support from when price was lower and it played off it, now we can use it as support for the price pushing up.
Trading doesn't have to be a headache guys. People show you confusing charts to make you think you cannot do it. You can!
Drop me a message if you require any help.
So we have marked out what to expect on this and where we will look to place our trades. If price continues up from here then we will look to place a sell at the support level 118.136. We can see from previous years this is a nice level for price action and has shown a strong support previously.
In the instance we see price slow down we can look to place a buy at the support 114.328. You can see previously that this has been used as support from when price was lower and it played off it, now we can use it as support for the price pushing up.
Trading doesn't have to be a headache guys. People show you confusing charts to make you think you cannot do it. You can!
Drop me a message if you require any help.