kayleighramesar

CHFJPY Teacup

Long
kayleighramesar Updated   
FX:CHFJPY   Swiss Franc / Japanese Yen
The chart shows it. I hid the indicators, but I'll keep an eye on it and see how 8:00 meets us.

Based on price action, I see a teacup formation with a Price Reversal Zone at the top. I'm thinking about recent trends. It looks like it'll continue upward for some time, but we're in a reversal right now. If you can go a quick sell trade, you can probably try it. Again, check your own charts before acting

I'm kinda busy today, so I can only sneak a couple mins an hour to check the charts. I'm going to try to move with the greater trend and see.

But I think this may go long for some time
Comment:
I set a buy limit at 112.632. 1:2 Risk to Reward. Still has to be triggered. Let's see
Comment:
My analysis was right, my decision was wrong. I'll get it
Trade closed manually
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