15/05/2023 - 19/05/2023 CHFJPY SELL FOR BUY
Updated
1) HTF clearly on bullish trend
2) Price Dip down for retracement on bullish trend
3) On LTF trend, price does not creating new HH yet
4) potential short on 151.65 level with rejection candle on order block as conformation.
5) for price to continue its bullish trend, liquidity structure must complete on 149.86 level. (inducement already complete waiting for liquidity to be taken)
6) Buy setup on 149.6 after rejection candle given on this level.
2) Price Dip down for retracement on bullish trend
3) On LTF trend, price does not creating new HH yet
4) potential short on 151.65 level with rejection candle on order block as conformation.
5) for price to continue its bullish trend, liquidity structure must complete on 149.86 level. (inducement already complete waiting for liquidity to be taken)
6) Buy setup on 149.6 after rejection candle given on this level.
Trade active
1) Price currently rejecting order block2) inducement has been made on m30
3) Sell position activated
Trade closed: stop reached
1) agressive sell hit SL2) waiting for CHOCH on LTF as conformation sell
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.