Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CHFJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.[/I]
Higher timeframe:
Lower timeframe:
Since March 2022, this market has been moving inside a rising wedge, breaking out an interesting swing at around 140.000.
Although the third touch of the top of the main structure, in LTF it’s still moving with a price action slightly bullish.
When, where and why would we step into the market?
For a better entry point and RR, we would be waiting for the price to reach the LTF swing high and see the further price action, how the price will react and/or if it will break or reverse.
At the moment, not so many bearish confluences to enter a position, but we are gonna keep this market in watchlist to study its next movement.
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
Higher timeframe:
Lower timeframe:
Since March 2022, this market has been moving inside a rising wedge, breaking out an interesting swing at around 140.000.
Although the third touch of the top of the main structure, in LTF it’s still moving with a price action slightly bullish.
When, where and why would we step into the market?
For a better entry point and RR, we would be waiting for the price to reach the LTF swing high and see the further price action, how the price will react and/or if it will break or reverse.
At the moment, not so many bearish confluences to enter a position, but we are gonna keep this market in watchlist to study its next movement.
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
Nota
We were expecting to see the market taking out the previous swing before a drop, however, high volatility during the next week formed such a great movements.
A revisit of the top of the structure is expected, as a deeper market development and grab of liquidity!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.