CHFJPY (H4): Retracement (Long) Likely to Happen
已更新
CHFJPY Timeframe: H4
Direction: Long
Confluences for Trade:
- Strong Bullish Engulfing Candle
- Break of Trendline in H4 (Established since Sept 2018)
- Hovering around 50% Fibo levels of previous uptrend move
- Narrowing gap between 8EMA and 50EMA
- SL Levels is placed below the M/T Trendline (since May 2018) and 61% Fibo levels of previous uptrend move
However Stochastic is showing H4 is around Overbought conditions, you may want to consider to wait till the Stochastics re-balances itself before entering the trade.
Suggested Trade:
Entry @ Anywhere around Area of Interest (113.00 - 113.80)
SL: 112.17
TP: 115.95
RR: Approximately 2.21 (Depending on Entry Levels)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
註釋
H4 Stochastics is almost close/at Oversold levels already, good opportunity to enter trade.交易進行
交易結束：達到停損點
Stopped out, market is really very volatile now.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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