Profound_Ambition

CHFJPY H4

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FX:CHFJPY   Franc Swiss / Yen Jepun
Price has finally broken above key resistance 112.000 , where I will be watching for price to now make a higher low where I will look for longs up to 113.000 next ..
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Potential buy zone
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Well looks like there will be no pullback
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momentum is strong, & 112 has finally broken this pair will fly
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price rejected off 113, watching for price to retest the head on shoulders neckline as support for a move higher for price to move in an uptrend
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113.750 new higher high target
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price may reject from here to make a new higher high
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perfect bounce so far
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Daily: 112 acting as new support
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Will be watching closely how price reacts above the 112 region
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I am still holding my long positions
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+35 pips running
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60 pips running, took some profit SL at breakeven now. Patience pays off with forex !
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113.4 new higher high target
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resistance break, higher high target coming up
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enter at 112.280, SL now at Breakeven. From here price should continue up to the initial Take profit zone
Penafian

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