Hey tradomaniacs,
looking at CHF/JPY we can see a retest of the previous falling-wedge which is likely to provide bullish confluence.
The current price-zone is a nice spot to buy as bulls probably use the chance to buy the pullback of this breakout-scenario.
Strong support (Look DAILY-CHART) plus previous diagonal resistance are giving us a nice entry.
First rejections are the first evidence of a continuation.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
looking at CHF/JPY we can see a retest of the previous falling-wedge which is likely to provide bullish confluence.
The current price-zone is a nice spot to buy as bulls probably use the chance to buy the pullback of this breakout-scenario.
Strong support (Look DAILY-CHART) plus previous diagonal resistance are giving us a nice entry.
First rejections are the first evidence of a continuation.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Note
Trade active
CHF/JPY: Daytrade-ExecutionMarket-Buy-Order: 116,610
Stop-Loss: 116,310
Point Of Risk-Reduction: 116,870
Take-Profit: 117,185
Stop-Loss: 30 pips
Risk: 0,5% - 1%
Risk-Reward: 2,0
Note
CHF/JPY: Point Of Risk-Reduction reached Please move your stop-loss to break-even!
Trade closed manually
1️⃣ CHF/JPY 📈 Early exit with +45 pips (+1,54,%) ✅
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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.
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.