We have to go all the way back to 1980 to see the last time the CHFJPY was at current leveks which is pretty insane as have all yen cross pair moves this Year and picking tops is very risky hence waiting for the correct signal is important.
Looking at the monthly charts we are now in a SUPPLY area from 1980 on daily charts we have broke out off a congested period to new highs and likely to push up above 146 towards 147 which is were i will be waiting for a SELL signal on my custom price action indicator on Daily or Weekly chart when the signal occurs I will place STOP above 151 and will target the 134 area.
The indicator when inside keys areas give very high probability signals so I will wait for a Daily or Weekly signal the higher the timeframe the signal the better
Looking at the monthly charts we are now in a SUPPLY area from 1980 on daily charts we have broke out off a congested period to new highs and likely to push up above 146 towards 147 which is were i will be waiting for a SELL signal on my custom price action indicator on Daily or Weekly chart when the signal occurs I will place STOP above 151 and will target the 134 area.
The indicator when inside keys areas give very high probability signals so I will wait for a Daily or Weekly signal the higher the timeframe the signal the better
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Struggling with inconsistency in your trading?Discover the 15-minute mental fix to break self-sabotage and unlock consistent results.
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Struggling with inconsistency in your trading?Discover the 15-minute mental fix to break self-sabotage and unlock consistent results.
👉 The Rewired Trader -amazon.com/dp/B0FKSR21SS
Disclaimer
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Join Telegram group -t.me/+T7V_JSiKKsliMTJl
Struggling with inconsistency in your trading?Discover the 15-minute mental fix to break self-sabotage and unlock consistent results.
👉 The Rewired Trader -amazon.com/dp/B0FKSR21SS
Struggling with inconsistency in your trading?Discover the 15-minute mental fix to break self-sabotage and unlock consistent results.
👉 The Rewired Trader -amazon.com/dp/B0FKSR21SS
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.