CHFJPY WHAT'S NEXT!
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.
QUICK UPDATE ON CHFJPY
As we can see price approaching our previous major high, lining up with a supply zone,
Where we will be looking for new bearish movements,
However, for the bears to kick in we need a break below the marked last swing standing of the the rising trendline, then a movement lower would be expected,
Till the lower rising trendline,
1-2 Risk To Reward ratio from a risk management perspective, until that happens price is still overall bullish trading inside this channel.
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!
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON CHFJPY
As we can see price approaching our previous major high, lining up with a supply zone,
Where we will be looking for new bearish movements,
However, for the bears to kick in we need a break below the marked last swing standing of the the rising trendline, then a movement lower would be expected,
Till the lower rising trendline,
1-2 Risk To Reward ratio from a risk management perspective, until that happens price is still overall bullish trading inside this channel.
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!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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