TF: 8 HR
CHFJPY looks like it may have a nice up trend in the coming weeks. Some reasoning behind my view:
1. Price is currently forming and trading within a in a bullish descending wedge/megaphone pattern on the 8 HR time frame.
2. Along with this descending pattern, a inverted H and S pattern seems to be forming with it currently forming the right shoulder to potentially complete the pattern.
3. Bullish divergence can be seen on both the stochastic and RSI
I am planning to start opening small positions and build into a larger one once the price breaks the descending pattern and confirms. I am looking to build into this over the next few weeks.
CHFJPY looks like it may have a nice up trend in the coming weeks. Some reasoning behind my view:
1. Price is currently forming and trading within a in a bullish descending wedge/megaphone pattern on the 8 HR time frame.
2. Along with this descending pattern, a inverted H and S pattern seems to be forming with it currently forming the right shoulder to potentially complete the pattern.
3. Bullish divergence can be seen on both the stochastic and RSI
I am planning to start opening small positions and build into a larger one once the price breaks the descending pattern and confirms. I am looking to build into this over the next few weeks.
Nota
Watching for a breakout in this area
Nota
Looks like strong rejection was encounteredNota
Maybe see some reaction here
Nota
Possible bounce from that zone
Nota
looks like the neckline area may hold here...It fits my system so I am going to open some more positions with some medium stops
Nota
Might see some rejection here. May look to add at the bottom of the area if area is tested
Nota
looking for another entry around 110.90 to 111.00 if price holds there
Nota
Price drifted a bit lower to the trendline. I did not enter anything. i did close some of the postion around 111.21 earlier in the day and missed a few more pips. Current price may start to pullback here a bit
Nota
Working out well
Nota
Played out really well
Nota
Target area was hit and I closed all remaining open positions on this pair mid day today. Price is near a strong resistance zone and I think we could see some selling here before anymore more upside.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.