On CHFJPY, we have a bearish setup where the price has broken a descending triangle and rebounded three times on a downward trendline. Currently, the price is at 153.80, which is between the 50% and 70% Fibonacci levels, making it a premium zone to enter a short trade with a target at 153, where we have a very strong demand zone.
Let me know your thoughts on this.
Happy trading to everyone.
Let me know your thoughts on this.
Happy trading to everyone.
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
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.
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
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.