Trading Under The Spotlight: My Open Analysis Odyssey #9
Hello once more, TradingView community!
Each chart we explore together adds another chapter to our collective narrative, deepening our understanding of the vast market tapestry. For those just joining us, or for our regular comrades, here's a quick summary of our journey's ethos:
Transparency, Not a Tutorial: While I provide a window into my trading psyche via these posts, the core strategic depths remain mine. This isn't a directive trading guide; it's a chronicle of my market observations.
Frequency & Execution: As days unfold, diverse setups emerge, but not all transition into trades. This series is about offering a glimpse into my thought process, not necessarily presenting trade advisories.
Purpose & Growth: Central to this endeavor is my ambition to sharpen my analytical acumen, bolstered by the candid feedback from this community.
On to the next analysis of the day:
Instrument: CHFJPY
Bias: Long
Overall Trend: Long
Thoughts: This instrument has been a strong performer, appreciating by 17% within the year and showing little indication of slowing down. Historically, the Yen tends to exhibit weakness, largely attributed to infrequent interest rate hikes. However, I must admit a lack of deep familiarity with the current fundamentals surrounding this pair. Coupled with the age-old trading wisdom that "an object in motion tends to stay in motion," it paints an interesting picture. Yet, due to my limited experience with this pair and a somewhat hesitant feeling about this particular setup, I might stay on the sidelines this time.
Engaging with you all, whether through mere observations or active discussions, continues to be a vital component of this journey. Together, we'll continue to peel back the layers of the market, one intriguing setup after another.
Each chart we explore together adds another chapter to our collective narrative, deepening our understanding of the vast market tapestry. For those just joining us, or for our regular comrades, here's a quick summary of our journey's ethos:
Transparency, Not a Tutorial: While I provide a window into my trading psyche via these posts, the core strategic depths remain mine. This isn't a directive trading guide; it's a chronicle of my market observations.
Frequency & Execution: As days unfold, diverse setups emerge, but not all transition into trades. This series is about offering a glimpse into my thought process, not necessarily presenting trade advisories.
Purpose & Growth: Central to this endeavor is my ambition to sharpen my analytical acumen, bolstered by the candid feedback from this community.
On to the next analysis of the day:
Instrument: CHFJPY
Bias: Long
Overall Trend: Long
Thoughts: This instrument has been a strong performer, appreciating by 17% within the year and showing little indication of slowing down. Historically, the Yen tends to exhibit weakness, largely attributed to infrequent interest rate hikes. However, I must admit a lack of deep familiarity with the current fundamentals surrounding this pair. Coupled with the age-old trading wisdom that "an object in motion tends to stay in motion," it paints an interesting picture. Yet, due to my limited experience with this pair and a somewhat hesitant feeling about this particular setup, I might stay on the sidelines this time.
Engaging with you all, whether through mere observations or active discussions, continues to be a vital component of this journey. Together, we'll continue to peel back the layers of the market, one intriguing setup after another.
Seeking mentorship?
Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)
Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)
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