Chfjpysetup
CHFJPY shorterm positionThe market is trading just below a trend line (the centre of the channel) dating back to the 3rd of the month. Momentum has been holding below the .3899 level. A break of the .3899 on momentum and the centre line of the channel on the market price will open up a long position aiming for the 114.20 area.
long CHFJPY @ 1h @ trading capability for this 52nd week `16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
long CHFJPY @ 60 min @ trading capability for this 51st week `16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
CHFJPY BREAKOUT TRADEPRICE IS FINISHING THE CONSOLIDATION PERIOD. EXPECT A BREAKOUT.
ON THE CHART ATR LEVEL OF 1.4113 AND BEYOND THAT IS CONSIDERED AS HIGH VOLATILITY FOR THIS CURRENCY PAIR.
FOR BUY:
ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL; CONFIRMATION SHOULD BE A BREAK OF THE 106.326 FIB LEVEL.
FOR SELL:
ENTER TRADE ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL.
IN ORDER TO AVOID FALSE BREAKOUTS, ENTER TRADE AT 50 PIPS ABOVE OR BELOW THE PRICE LEVEL.
STOP LOSS 100 PIPS
CHFJPY: (4h rsi diversion + overbought + pattern ) = SHORT YOUR LIKE MATTERS : Give it a like if this has helped you in any way , follow for more ideas and daily updates.
check out my AUDUSD idea linked below, there is still a chance to enter.
NO EARLY ENTRIES, always watch for strong price action. It's better not to trade than loosing money.
