CHFJPY TREND-FOLLOWING

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.

CHFJPY Trend-following.

As we can see price broke below our rangy market and traded lower, then, for this zone to be acting as a resistance zone, adding on as the price made a new lower low price is now overall bearish from a medium term and price is sitting around our falling trendline, Where we will be looking for new bearish movements.

However, from a short-term perspective, price is now bullish as a correction movement, and for the bears to kick in we need a momentum candle close below our swing low, then a movement lower would be expected.


And as usual if this scenario happened, 1-2 Risk to reward ratio from a risk management perspective.


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!