CHFJPY - TRIO Retest!
CHFJPY is overall bullish trading inside the blue and green daily channels.
I find the upper bound interesting as it is the intersection of the upper daily trendlines in green and blue, and the upper weekly trendline in brown.
The highlighted purple circle is a strong area to look for sell setups as it is the intersection of three trendlines. Which I call "TRIO RETEST"
As per my trading style:
As CHFJPY approaches the purple circle area, I will be looking for reversal sell setups on lower timeframes (like a double top pattern, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
I find the upper bound interesting as it is the intersection of the upper daily trendlines in green and blue, and the upper weekly trendline in brown.
The highlighted purple circle is a strong area to look for sell setups as it is the intersection of three trendlines. Which I call "TRIO RETEST"
As per my trading style:
As CHFJPY approaches the purple circle area, I will be looking for reversal sell setups on lower timeframes (like a double top pattern, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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