Hello traders.
CHFJPY down move is completed in my opinion and we got reversal impulse, which broke the blue trendline. Now, it looks like a correction is in the making. Putting an entry order above previous top with stoploss below last bottom is my trade idea. If it makes a bigger correction something like I draw, I will take breakout trade. My target is 123.
CHFJPY down move is completed in my opinion and we got reversal impulse, which broke the blue trendline. Now, it looks like a correction is in the making. Putting an entry order above previous top with stoploss below last bottom is my trade idea. If it makes a bigger correction something like I draw, I will take breakout trade. My target is 123.
Comment:
I think its correction is completed. Now, I'm waiting for breakout, then I will take a long trade. When I take it, I will remove my entry order.
Trade active:
Entry order was triggered.
Comment:
I'm waiting for break out and correction in order to take another long trade.
Trade closed: stop reached:
Although it stopped me out, I'm still looking for long trades. Because the daily corrective structure is still there.
