CHFJPY - BEARISH BIAS📉
~ MONTHLY - We can see that price is at a all time high and therefore we wait to see a reversal. Price has shown signs of reversal as we price has broken previous HL.
~ WEEKLY - We wait for price to pull back to the AOI which is a strong fib level, psychological level and most importantly, multiple rejections making it a strong Resistance Level.
Overall I have a Bearish bias based on the Monthly, Weekly and Daily timeframes!
As price moves up to my level, I will wait for my confirmations across multiple timeframes and see how price reacts.
#forextrading #tradingeducation #swingtrader #tradingstrategy #mjswings
~ MONTHLY - We can see that price is at a all time high and therefore we wait to see a reversal. Price has shown signs of reversal as we price has broken previous HL.
~ WEEKLY - We wait for price to pull back to the AOI which is a strong fib level, psychological level and most importantly, multiple rejections making it a strong Resistance Level.
Overall I have a Bearish bias based on the Monthly, Weekly and Daily timeframes!
As price moves up to my level, I will wait for my confirmations across multiple timeframes and see how price reacts.
#forextrading #tradingeducation #swingtrader #tradingstrategy #mjswings
Order cancelled
We had the right analysis and idea with what price would do, however, the move happened without giving us an entry!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.