Posting a CHF/JPY trading idea involves sharing analysis, rationale, and potential trade setup for the Swiss Franc (CHF) against the Japanese Yen (JPY) currency pair. Here's a step-by-step guide on how to effectively communicate your trading idea:
1. **Chart Analysis**: CHFJPY is trend is bullish
2. **Trade Direction**: now CHFJPY in correction move
3. **Rationale**: the trend will continue
4. **Entry Point**: 163.64 its 0.618 Fibonacci level weekly support level
5. **Stop Loss**: 163.16
6. **Take Profit**: 165.35
7. **Risk Management**: risk reward ratio 3
8. **Timeframe**: enter trade 15 minute TF if any engulfing candle found
Remember that trading involves risk, and no analysis can guarantee a profitable outcome. Always trade responsibly and be prepared for the possibility of losses.
1. **Chart Analysis**: CHFJPY is trend is bullish
2. **Trade Direction**: now CHFJPY in correction move
3. **Rationale**: the trend will continue
4. **Entry Point**: 163.64 its 0.618 Fibonacci level weekly support level
5. **Stop Loss**: 163.16
6. **Take Profit**: 165.35
7. **Risk Management**: risk reward ratio 3
8. **Timeframe**: enter trade 15 minute TF if any engulfing candle found
Remember that trading involves risk, and no analysis can guarantee a profitable outcome. Always trade responsibly and be prepared for the possibility of losses.