Chikou Span Breakout: Long CHFJPY (M30)
Daily Chart and H4 Chart: Strong bullish momentum.
For this week alone, JPY pairs are extremely weak.
M30: Re-entry signal
Buy condition:
1) Price > Kumo
2) Bullish TK cross
3) Chikou span above price (not a must)
4) Price > 200 EMA and it is pointing upwards
For this week alone, JPY pairs are extremely weak.
M30: Re-entry signal
Buy condition:
1) Price > Kumo
2) Bullish TK cross
3) Chikou span above price (not a must)
4) Price > 200 EMA and it is pointing upwards
Trade active:
Risk free trade.
Trade closed manually:
Price crosses Kijun.