Cypher on CHFJPY
Hey guys,
unfortunately we're taking out at breakeven the second position of our previous trade (see attachment). But that doesn't mean we'll be out of this market for long; in fact, we've already found another opportunity to enter this market, hoping in a continuation of this upward trend (that's now in consolidation). As long as we see prices above X i'll be look for long opportunities because the daily chart is still pointing higher. Therefore this could be another way to enter a trade on the overall trend direction, and you can use this information to move your second target (first would be as usual for harmonics, 382 of AD) at the highest point of this recent channel.
Order's set.
If you have any question/idea, you can comment down below.
Otherwise, see you in the next chart!
unfortunately we're taking out at breakeven the second position of our previous trade (see attachment). But that doesn't mean we'll be out of this market for long; in fact, we've already found another opportunity to enter this market, hoping in a continuation of this upward trend (that's now in consolidation). As long as we see prices above X i'll be look for long opportunities because the daily chart is still pointing higher. Therefore this could be another way to enter a trade on the overall trend direction, and you can use this information to move your second target (first would be as usual for harmonics, 382 of AD) at the highest point of this recent channel.
Order's set.
If you have any question/idea, you can comment down below.
Otherwise, see you in the next chart!
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