CHFJPY - One next cup of tea, please sir!

7 nov. 2018

1D
Mostly range

Volumes up

4H
Downtrend weak
Bearish cypher formed
Opened Cypher but did not reach even 1st
Strong resistance at 113.750-113.850 ( Daily) touched 1 time
EFI - Looks like weak uptrend. Did not confirmed yet


1H
Uptrend
Mostly momentum bullish
Stochastic show convergence
Cup and handle patter - bullish formation.
Height of cup 650 pips = the uptrend will long around 650 PIPS UP
It will be exactly Daily SR from which it probably bounce.

I open LONG from 113.300
SL 112.900 - below 4H SR and below cup handle.
TP 113.800
RR 1.37

The final point was measured with ATR.

8 nov. 2018

Transaction en cours

1\3 of distance covered. Seems is ok but little bit slower, weak momentum
Probably reversal is near

11 nov. 2018

Trade fermée: ordre d’arrêt atteint

Momentum was weak
-381 pips
RR 1.37