What's going to happen here? CHFJPY Videoanalysis
Hey guys,
in front of you you can see two charts, and that's because i wanted to give you a better perspective on how i look at the markets. As you can see on the left (daily timeframe) price has recently broken and closed above multiple resistance levels, which is an indication of a long bias. Therefore our mindset is now on "buy opportunities" and we can take a look at lower timeframes in order to catch the right trade.
On the hourly chart there's two different cases that could turn into reality:
1- Flag pattern: if we see a break of that trendline, that would mean an early continuation on the upward direction. We could buy at every retracement from that moment on.
2- Retest of structure: the one i'd trust more, if we see price coming back around the black line, we could wait for a confirmation and then buy the markets with tight stops and great targets.
I've explained this strategy along with many other possibilities in my new weekly analysis (click on the link below)
If you have ideas/questions, feel free to share.
Otherwise, see you in the next chart!
in front of you you can see two charts, and that's because i wanted to give you a better perspective on how i look at the markets. As you can see on the left (daily timeframe) price has recently broken and closed above multiple resistance levels, which is an indication of a long bias. Therefore our mindset is now on "buy opportunities" and we can take a look at lower timeframes in order to catch the right trade.
On the hourly chart there's two different cases that could turn into reality:
1- Flag pattern: if we see a break of that trendline, that would mean an early continuation on the upward direction. We could buy at every retracement from that moment on.
2- Retest of structure: the one i'd trust more, if we see price coming back around the black line, we could wait for a confirmation and then buy the markets with tight stops and great targets.
I've explained this strategy along with many other possibilities in my new weekly analysis (click on the link below)
If you have ideas/questions, feel free to share.
Otherwise, see you in the next chart!
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