Hello traders.
CHFJPY down move is completed in my opinion and we got reversal impulse, which broke the blue trendline. Now, it looks like a correction is in the making. Putting an entry order above previous top with stoploss below last bottom is my trade idea. If it makes a bigger correction something like I draw, I will take breakout trade. My target is 123.
CHFJPY down move is completed in my opinion and we got reversal impulse, which broke the blue trendline. Now, it looks like a correction is in the making. Putting an entry order above previous top with stoploss below last bottom is my trade idea. If it makes a bigger correction something like I draw, I will take breakout trade. My target is 123.
Note
I think its correction is completed. Now, I'm waiting for breakout, then I will take a long trade. When I take it, I will remove my entry order. Trade active
Entry order was triggered.Note
I'm waiting for break out and correction in order to take another long trade. Trade closed: stop reached
Although it stopped me out, I'm still looking for long trades. Because the daily corrective structure is still there.
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Related publications
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.