SHORT trades in CHFJPY
- Daily Trend is UP
- H4 Trend is UP
- However, price has been rallying more than 3 CPs in H4 and from 2nd demand CP in Daily TF
- Hence, to wait for at least 1x H4 CP zone to be broken and ascending TL to be broken, before looking for SELLS
- Daily Trend is UP
- H4 Trend is UP
- However, price has been rallying more than 3 CPs in H4 and from 2nd demand CP in Daily TF
- Hence, to wait for at least 1x H4 CP zone to be broken and ascending TL to be broken, before looking for SELLS
Note
In H4, price has eliminated 2 CP zones. As mentioned previously, this is due to price being over-extended. Price is too strong to wait for price retracement.
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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.
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.