CHFJPY buy at golden ratio
Posting a CHF/JPY trading idea involves sharing analysis, rationale, and potential trade setup for the Swiss Franc (CHF) against the Japanese Yen (JPY) currency pair. Here's a step-by-step guide on how to effectively communicate your trading idea:
1. **Chart Analysis**: CHFJPY is trend is bullish
2. **Trade Direction**: now CHFJPY in correction move
3. **Rationale**: the trend will continue
4. **Entry Point**: 163.64 its 0.618 Fibonacci level weekly support level
5. **Stop Loss**: 163.16
6. **Take Profit**: 165.35
7. **Risk Management**: risk reward ratio 3
8. **Timeframe**: enter trade 15 minute TF if any engulfing candle found
Remember that trading involves risk, and no analysis can guarantee a profitable outcome. Always trade responsibly and be prepared for the possibility of losses.
1. **Chart Analysis**: CHFJPY is trend is bullish
2. **Trade Direction**: now CHFJPY in correction move
3. **Rationale**: the trend will continue
4. **Entry Point**: 163.64 its 0.618 Fibonacci level weekly support level
5. **Stop Loss**: 163.16
6. **Take Profit**: 165.35
7. **Risk Management**: risk reward ratio 3
8. **Timeframe**: enter trade 15 minute TF if any engulfing candle found
Remember that trading involves risk, and no analysis can guarantee a profitable outcome. Always trade responsibly and be prepared for the possibility of losses.
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.
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.