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CHF/JPY Potential Upward Movement

CHF/JPY Long-Term Trend: Bullish

Key Resistance Levels: 111.156, 111.659, 111.958

Key Support Levels: 164.276, 163.672, 162.134

Daily Chart:

The price on the higher time frame has been in an uptrend recently after it tested a support level of 152.138 and bounced back. The pair has broken a few resistance levels and a trendline which suggests further trend continuation.

CHF/JPY Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 162.134 and 163.672 and has sustained above that. As of now the pair has broken and retested a minor level of 164.362 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 164.362

TP @ 165.268

Stop Loss @ 163.456

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

7 comments

  1. Hi Pat. How can I contact you?

  2. How is this a free signal when you already take the trade then post it on telegram

  3. Just placed my trade thanks alot

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