Our Preference: Sell Below 114.50 for the target of 113.40
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- ChfJpy was trading in the descending triangle pattern, ChfJpy was trading near the upper trend line and its failure to break the upper trend line, now its trading near 38 % Fibonacci retracement level, so we can except on selling side and we can sell near upper tend line and except upto next key support levels:- which we have shown in attached image.
In Daily Chart :- ChfJpy was trading in the descending triangle pattern, ChfJpy was trading near the upper trend line and its failure to break the upper trend line, now its trading near 38 % Fibonacci retracement level, so we can except on selling side and we can sell near upper tend line and except upto next key support 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 | ||
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