CHFJPY AROUND ATH!!
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON CHFJPY
As we can see price is still around the All-time high!! were we will be looking to catch another bearish reversal trend.
However, we need some confirmation!
Price formed a nice looking major low and for the bears to kick in we need a momentum candle close below the marked neckline,
Then a movement lower would be expected.
1-2 Risk To Reward ratio from a risk management perspective,
Meanwhile and until that happens price is still overall bullish and price can still trade more higher before reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON CHFJPY
As we can see price is still around the All-time high!! were we will be looking to catch another bearish reversal trend.
However, we need some confirmation!
Price formed a nice looking major low and for the bears to kick in we need a momentum candle close below the marked neckline,
Then a movement lower would be expected.
1-2 Risk To Reward ratio from a risk management perspective,
Meanwhile and until that happens price is still overall bullish and price can still trade more higher before reversal.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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