LONG - CHFJPY (H4 or H1) (25 May 2023)
Updated
LONG Trade for CHFJPY
- Got to wait very long for price to retrace back for quality BUY trades as price keeps going up
- Price is currently rallying from 2nd CP zone in Daily TF
- To buy from the only H4 Demand zone nested in Daily Demand, if price retraces back
- Otherwise, to buy from 2 potential H1 Demand zones nested in H4 and Daily Demand zones
- Got to wait very long for price to retrace back for quality BUY trades as price keeps going up
- Price is currently rallying from 2nd CP zone in Daily TF
- To buy from the only H4 Demand zone nested in Daily Demand, if price retraces back
- Otherwise, to buy from 2 potential H1 Demand zones nested in H4 and Daily Demand zones
Note
In the D1 Chart, the price is again bouncing off D1 DemandNote
Note
However in H4 chart, price is bouncing down from H4 SupplyNote
If price retraces back to D1 demand, we will buy in the H4 zoneNote
Price is bouncing higher and higher and did not retrace back.This analysis will be archived and a new analysis will be done.
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