Weekly outlook CHFJPY
hi guys. today we're going to be looking at CHFJPY.
firstly HS pattern was formed on a LTF and its close to a resistance level.
and we all know HS patter is a bearish reversal pattern. This mean we should be looking for bearish entry for the week.
Secondly its consolidating and forming an ascending channel, this also is a bearish pattern, therefore am looking forward to more development in price, I.e. a impulsive breakout below the channel, and consolidation ( confirmation that the correction is over).
trade carefully and remember your risk management.
have a great weekend :)
firstly HS pattern was formed on a LTF and its close to a resistance level.
and we all know HS patter is a bearish reversal pattern. This mean we should be looking for bearish entry for the week.
Secondly its consolidating and forming an ascending channel, this also is a bearish pattern, therefore am looking forward to more development in price, I.e. a impulsive breakout below the channel, and consolidation ( confirmation that the correction is over).
trade carefully and remember your risk management.
have a great weekend :)
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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.