CHFJPY: Continue falling
My reason on sell bias:
1. Double top formation in 4H/1H tf
2, QM in 1H
3. JPYX is in a bull run
4. The pair is in a downtrend
My execution plan (if the market is kind):
1. Wait for the price to retrace to the Sell zones or to the first bearish setup.
2. Stoploss above the previous 1H candle and trail it
3- Take partial profit in every 15/20 pips. Possible to go down to 140.30
No setup no trade !!
1. Double top formation in 4H/1H tf
2, QM in 1H
3. JPYX is in a bull run
4. The pair is in a downtrend
My execution plan (if the market is kind):
1. Wait for the price to retrace to the Sell zones or to the first bearish setup.
2. Stoploss above the previous 1H candle and trail it
3- Take partial profit in every 15/20 pips. Possible to go down to 140.30
No setup no trade !!
Trade active
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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.
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.