Our Preference: Buy Above 113.00 for the target of 114.40 level
Alternative Scenario: Sell Below 114.00 for the target of 113.10
Technical Commentary: In Daily Chart :- ChfJpy was trading in the triangle pattern, ChfJpy was failure to break the upper trend line, after testing the upper trend line its came down its closed as bearish candle, now its trading near lower trend line and 50 % Fibonacci retracement level coming near lower trend line of the triangle pattern, so we can except on buying side and we can buy near intraday support levels and except upto next key resistance levels:- which we have shown in attached image.
In Daily Chart :- ChfJpy was trading in the triangle pattern, ChfJpy was failure to break the upper trend line, after testing the upper trend line its came down its closed as bearish candle, now its trading near lower trend line and 50 % Fibonacci retracement level coming near lower trend line of the triangle pattern, so we can except on buying side and we can buy near intraday support levels and except upto next key resistance levels:- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
We are here to help you
