This pair seems to be creating a Flag Pattern on the Daily Chart (See chart below).
In the flag, I see a bullish opportunity in an ABCD pattern. Price has broken out of the 60 min downward trendline, and has retested the trendline again at the 0.618 fib area of the retracement.
I take a buy now in the short term with target around 114.2 area.
If price reaches that area, I will wait for another set up to long to the 115.2 area.
I will update trade with time.
your likes and comments are welcome.
Trade with care, and with a tested strategy.
In the flag, I see a bullish opportunity in an ABCD pattern. Price has broken out of the 60 min downward trendline, and has retested the trendline again at the 0.618 fib area of the retracement.
I take a buy now in the short term with target around 114.2 area.
If price reaches that area, I will wait for another set up to long to the 115.2 area.
I will update trade with time.
your likes and comments are welcome.
Trade with care, and with a tested strategy.
Nota
Flag on the Daily Chart
Nota
+60 pips.You can close half position, and put rest at Break even.
Nota
Sorry. Pair is CHFJPY (not CADJPY as indicated in the title of idea). Thanks
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.