CHFJPY is in a structure and has hitted the top border and made a "spring". It should go down to the bottom of the structure. Go short for now and the Profit Target is the bottom. Once it hits, should bounce back and sideway for a bit.
It is just my idea for your reference.
Good luck Traders!
It is just my idea for your reference.
Good luck Traders!
Trade closed: target reached
Doesn't reach the target (Bottom of the box) but happily close the position with profits.
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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.