There is a good opportunity to buy in CHFJPY
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 108.35 would begin in Midterm.
The bounced from the support #1 at 26 and it prevented price from more losses.
The downtrend #2 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in at 108.50 on 05/08/2018, so more gains to resistance(s) 111.55, 112.25, 113.40 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
( ) is 61.
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (110.30 to 108.35), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (110.30)
Ending of entry zone (108.35)
TP1= @ 111.55
TP2= @ 112.25
TP3= @ 113.40
TP4= @ 114.70
TP5= @ 116.45
TP6= @ 117.35
TP7= @ 118.55
TP8= @ 122.00
TP9= @ 125.80
TP10= @ 134.60