Hi all traders, For this pair, the breakout might happen this week, so keep an eagle eye on this. Any retest of trend line , we should be good for upwards movement. Im buy biased for this pair. Be careful of fakeout!!!
Morning everyone! Im looking at this trade idea for today. Looking at it to potentially do a retracement downwards first before we see more upside to break the top. Thank you! Cheers and stay safe!
all parameters on the chart good luck
all in the chart I have higher confidence than usual in this trade setup so I take higher risk (= larger position size) with this trade as always, good luck!
Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
CHFJPY just reached the top of a channel and is forming a nice bearish candle indicationg a trend reversal. My SL is 30 pips and my TP is 80 pips,
price now at right shoulder earlier we have same fractals and setup and made decent 3% gain waiting for this head and shoulder to play
CHFJPY TRADE IDEA. Price can go on 2 different ways. For the LONG position I would wait till the retest and after it bounces off, My TP is 150 pips and my SL is 60 pips. For the SHORT position I would wait till it breakes below and maybe retest the resistance, the TP for the SHORT position is 150 pips and the SL is 50 pips.
GOOD LUCK ----------------------- Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
ENTRY @112.599 STOP LOSS @113.744 TAKE PROFIT @109.748 TRAIL @113.744
JPY is falling next week on multiple pairs.. wait for support to be broken and sell CHFJPY - SELL SL - 112.634 TP - 110.966
Up for 40 pips, strong areas to push off and reach.