CHF/JPY - Wait for a retracement on the 1D chart
*** DISCLAIMER ***
Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
****************************
The price seems ready to make another move downside, yesterday the daily trendline has been broken wildly, so now to enter in this trade I will wait for a retracement and take a look on the 4h chart to perform a nice entry.
The target n°1 is the lowest price of the "trendline zone" and if the movement will break that level, I could expect that it can reaches the next support level.
Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
****************************
The price seems ready to make another move downside, yesterday the daily trendline has been broken wildly, so now to enter in this trade I will wait for a retracement and take a look on the 4h chart to perform a nice entry.
The target n°1 is the lowest price of the "trendline zone" and if the movement will break that level, I could expect that it can reaches the next support level.
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.