Hi Traders
I am currently watching CHFJPY as it is providing a very interesting price action setup.
With the recent rejection of the structure level the momentum has shifted to bearish.
I am expecting a continuation to the downside.
An entry scenario requires a clear push below the current support level. I will place my sell limit at that very level, expecting a re-test. My trading plan requires a minimum 1:2 RR.
Once the price hits 1R (dashed line) the stop loss will be moved to break-even.
Let me know what you think in the comments below. Good luck!
I am currently watching CHFJPY as it is providing a very interesting price action setup.
With the recent rejection of the structure level the momentum has shifted to bearish.
I am expecting a continuation to the downside.
An entry scenario requires a clear push below the current support level. I will place my sell limit at that very level, expecting a re-test. My trading plan requires a minimum 1:2 RR.
Once the price hits 1R (dashed line) the stop loss will be moved to break-even.
Let me know what you think in the comments below. Good luck!
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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。