CHFJPY INTRADAY
Updated
CHFJPY is in bullish direction in weekly and daily timeframe. However, we can see the depletion of bullish momentum in daily and H4 timeframe. This indicates that price are making a correction before continue its rally to the upside.
Another evidence, we could see that price failed to form a new higher low in H4. Instead, its create a new low at the same level with the previous higher low resembles a neckline in HNS. Therefore, we are going for short at the shoulder level until its complete the structure.
Risk : Reward = 1 : 3.
Another evidence, we could see that price failed to form a new higher low in H4. Instead, its create a new low at the same level with the previous higher low resembles a neckline in HNS. Therefore, we are going for short at the shoulder level until its complete the structure.
Risk : Reward = 1 : 3.
Trade active
CHFJPY now running 40pips, set sl to break even.Note
Hit tp 90 pips.
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