Good morning traders!
We have a potential structure based selling opportunity on CHFJPY. The pair has broke out of a trend line on the higher time frame, so there is a chance that there could be a brief period of selling we can capitalize on. Sell on confirmation only. Right now the market has paused at a key 111.500 level, which is a proven level of support/resistance. There is also RSI divergence at this level. You can also look for additional confluence or add filters to build a case to sell.
Thanks,
P.S.
We have a potential structure based selling opportunity on CHFJPY. The pair has broke out of a trend line on the higher time frame, so there is a chance that there could be a brief period of selling we can capitalize on. Sell on confirmation only. Right now the market has paused at a key 111.500 level, which is a proven level of support/resistance. There is also RSI divergence at this level. You can also look for additional confluence or add filters to build a case to sell.
Thanks,
P.S.
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.