Our last CHFJPY over extended a little but it was still valid. Price dropped 1300pips from the break of our entry trendline!
We have now created a correction and looking for another 1000pip drop. There's a chance we may make a complex correction, as indicated on the chart. There is still a 1000pip drop to our first target so this one is definitely one to watch!
Trade Idea:
- Watch for reversal within the fibs
- Entry on break of trendline or you can use lower timeframe BOS or other methods
- once entered, put stops above price
- Target the recent lows as first target (165.5 (1000pips)
- Make sure to taper some positions there and watch to see if we get the complex correction or if we continue dropping.
What do you guys think?
Goodluck and as always, trade safe!
We have now created a correction and looking for another 1000pip drop. There's a chance we may make a complex correction, as indicated on the chart. There is still a 1000pip drop to our first target so this one is definitely one to watch!
Trade Idea:
- Watch for reversal within the fibs
- Entry on break of trendline or you can use lower timeframe BOS or other methods
- once entered, put stops above price
- Target the recent lows as first target (165.5 (1000pips)
- Make sure to taper some positions there and watch to see if we get the complex correction or if we continue dropping.
What do you guys think?
Goodluck and as always, trade safe!
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。