CHFJPY current price is in the Fibonacci cluster (2.618, 1.618, 1.618) to see where to measure the Fibonacci look at the yellow dashed line.
now the price is also at support became resitance on march 2015
for confirmation we have to see rejection first in that area
There are many profit targets if TP1 breaks, it will most likely continue up to TP2, if TP 2 breaks it will be up to TP 3, and so on.
SL : 121.208 (50 pips)
TP 1 : 120.181 (+1)
Tp 2 : 119.265 (+2.9)
TP 3 : 118.740 (+3.6)
TP 4 : 117.517 (+6.39)
now the price is also at support became resitance on march 2015
for confirmation we have to see rejection first in that area
There are many profit targets if TP1 breaks, it will most likely continue up to TP2, if TP 2 breaks it will be up to TP 3, and so on.
SL : 121.208 (50 pips)
TP 1 : 120.181 (+1)
Tp 2 : 119.265 (+2.9)
TP 3 : 118.740 (+3.6)
TP 4 : 117.517 (+6.39)