I’m long CHF/JPY with a R/R over 8

2022年8月20日

- As a swing trader i do my analysis on the daily time frame and my entry on the 15 minutes chart .
- I draw my support and resistances on a two daily body candlestick minimum ( as shown above )
- My analysis go through 3 steps which are technical analysis, economic calendar release and inter market relationships .

For CHF / JPY
1. technical analysis : wait for a pull back and then ride the bullish trend until the round number of 145.000
2. Economic calendar release : no economic release next week which could affect our trade.
3. Inter market relationship : none

Ps: the volume is increasing on the bullish side compare to the bearish side , meaning that the bulls are dominating the market .

My strategy is simple because the simpler it is , the easier it is to follow it with discipline.
And discipline is what make you rich in trading .
Have a wonderful day .