Hi everyone!
I am looking at a support zone entry for this pair.
CHFJPY
BUY LIMIT @ 123.300
Stop Loss: 123.255 (Add Spread)
TP 1 (1R): 123.344 (Stop Loss→Break-Even / Scale-In)
TP 2 (3R): 123.432 (20%)
TP 3 (5R): 123.520 (20%)
TP 4 (10R): 123.741 (20%)
Reason: Although i am anticipating price forming an accumulation schematic in this area, i can see reasons for price to travel low, I'm looking for a spring to the area marked. At the least we should see a reasonable reaction from the level. i will only really be entering if i first see a valid schematic forming first.
I am looking at a support zone entry for this pair.
CHFJPY
BUY LIMIT @ 123.300
Stop Loss: 123.255 (Add Spread)
TP 1 (1R): 123.344 (Stop Loss→Break-Even / Scale-In)
TP 2 (3R): 123.432 (20%)
TP 3 (5R): 123.520 (20%)
TP 4 (10R): 123.741 (20%)
Reason: Although i am anticipating price forming an accumulation schematic in this area, i can see reasons for price to travel low, I'm looking for a spring to the area marked. At the least we should see a reasonable reaction from the level. i will only really be entering if i first see a valid schematic forming first.
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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.