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Swiss Franc / Japanese Yen
Long
Updated

LONG - CHFJPY (H4 or H1) (25 May 2023)

229
LONG Trade for CHFJPY



- Got to wait very long for price to retrace back for quality BUY trades as price keeps going up
- Price is currently rallying from 2nd CP zone in Daily TF

snapshot

- To buy from the only H4 Demand zone nested in Daily Demand, if price retraces back

snapshot

- Otherwise, to buy from 2 potential H1 Demand zones nested in H4 and Daily Demand zones

snapshot

Note
In the D1 Chart, the price is again bouncing off D1 Demand
Note
snapshot
Note
However in H4 chart, price is bouncing down from H4 Supply

snapshot
Note
If price retraces back to D1 demand, we will buy in the H4 zone
Note
Price is bouncing higher and higher and did not retrace back.

This analysis will be archived and a new analysis will be done.
angieh
chfjpylongchfjpylongsetupSupply and Demand

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chfjpylongchfjpylongsetupSupply and Demand
angieh

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.