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Saad-ElFayed
Apr 13, 2020 10:36 AM

CHFJPY: Broken Trend Line Short

Swiss Franc/Japanese YenFXCM

Description

We have a resistance from the 61.8% fibo. that should return the prices to the original bearish trend also we have a broken bearish trend line. Our entry was triggered when the prices made a clear break to the low that was formed after the break of the broken trend line
Comments
transparent-fx
this is my overall view on it, quite interesting
Saad-ElFayed
@transparent-fx, Both of us almost use the same trading strategy - Multiple time frame analysis (higher time frame to determine the trend, lower time frame for entry signal)
- Naked chart.
- Price action and trend analysis.
simple and effective love your analysis.
transparent-fx
@Saad-ElFayed, good job, happy to hear that :)
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