Xaff
Long

CHFJPY. Support area expecting a bullish move

FX:CHFJPY   Swiss Franc/Japanese Yen
74 3 0
Hey traders!

I found the currency pair on a good support area, so we can expect a bullish move, at least, to the next resistance relevant area, over 128,60. I think this can be a very profitable trade using a simple technique of market structure. Also the pinbar of the last 4H candle can make us think about bullish strength.

Risk/Reward = about 2,5
SL= 127,63
TP = 128,60

Regards.
MaryJane
a year ago
Hey Ho -thx for your view. I have the opposite view :-) Will the SHS break the Trend sustainable?
Will the SHS break the Trend sustainable?
snapshot

If the actual Level (round about 126,15-128,82) will not be bought soon, the risk of a bearish shs increases.
Will the SHS break the midterm UptrendTrend sustainable? We will see :-)

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Reply
Xaff MaryJane
a year ago
Good analysis!

Yes, this time I was wrong haha, now think why my trade was wrong and try to find another one. Will follow your analysis and I hope it will finish well.

Regards.
Reply
MaryJane Xaff
a year ago
THX very much...better trades will come soon :-) Good trading!
+1 Reply
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