Buy CHFJPY
Updated
the chf is strong as safe heaven asset in view of the current geopolitical context
Technical analysis :
- bullish trendline
-bullish consolidation structure
-fibo correction 0.618
- support area 166,500
-ltf divergence
Retail sentiment: 90% on sale
I placed a buy limit on 167,210 with a risk of 0.5% because remember I’m currently in a drawdown period
Technical analysis :
- bullish trendline
-bullish consolidation structure
-fibo correction 0.618
- support area 166,500
-ltf divergence
Retail sentiment: 90% on sale
I placed a buy limit on 167,210 with a risk of 0.5% because remember I’m currently in a drawdown period
Trade active
My buy limit order has been executed this morning.For the moment the price remains at the entrance price.
Retail sentiment: 89% on sale which is good for us.
I have a 0.5% risk on the table because remember I’m in drawdown. If the price breaks the small bearish trendline, then I can move my stop and maybe add-in on my position.
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