1.07800 represents major support and the latest low. The price reacted moderately on this level.
If the price is brought to correct in the structure, potential sell setup tp at the last low 1.07800 because can retrace.
I suggest you watch sell setup at least until the last low around 1.39530 - 1.39125
Medium-term target potential before the retracement: 1.37500.
Always wait for a break in trend + confirmation before entering. We are still bullish on a higher time frame but the current market structure suggests one more down move before we continue our bullish trend....
The price evolves within a corrective structure in H4. I see a potential reversal. In small UT, we notice a formation of an inverted shoulder-head-shoulder.
Personally, I will wait for a significant break in the hit line + the oblique resistance and wait for a purchase setup to enter. In the case where the structure begins to form a correction (flag,...
The price to close under a key level weekly
Possible last lower for a target at 2.10720 - 2.1000. Personally, I will only focus on the sell setup because we are approaching weekly resistance. The price can break the top and climb to 212,685 or even 217,620 but the price must correct the structure before
In addition, the RSI / stochastic announces an...
If the price is to break the top (which corresponds to weekly psychological key level) around 2.08600. I will look for sell setups because buyers will take their profiles at this level.
Otherwise, in small UT, we are always bullish, no sell setup occurs. Probably a buy setup in M30. If you want to buy, wait for a buy signal, target as high as 2.05950...
I will wait for a significant break in the trendline and enter the purchase if a setup occurs.
RSI / stochastic signals an oversold area in D1
target 1: 185.345
target 2: 186.150
(weekly key level)
SL: just below 1.83000
The setup is invalid If the price continues to drop and breaks the top at 186.660
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We are approaching a weekly support which corresponds to the top of the previous structure (around 116,270) but the top has not yet been broken. But in my opinion, it would simply be a correction before a bearish recovery !
In 30/15 UT this structure seems to me to be a correct structure (up + consolidation) wait for breakout + confirmation (candel,...
favor purchasing in the medium term
If you trade the sale, this structure can only be corrective for a bullish recovery and break the top at 1.6000
In daily we can note that the price to close with a bullish candle - rejection to the weekly support 1.52915. In addition the rsi / stochastic signals us of the oversold in D1 / H4
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CHFJPY - monitor the breakout of this low daily
if the daily low (110,750) is not broken for a bearish continuation, it is very likely that the price will go up.
Let's wait to see the structure next week. If this is the case, I await the breaking of the weekly resistance 111.450 + a purchase confirmation / setup around 112,000
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