Trade idea - CHFJPY Long

Oct 29

4H

Corrective approach towards entry zone / Bull Flag.

-68 Fibonacci completion aligning with entry zone.

= Confirmation to place buy limit.

1.5% risk.

Aiming to take profit at Daily TP.

Oct 29

Note

MONTHLY

Bullish M pattern can potentially be in play.

Clear support & resistance zone is there.

Oct 29

Note

WEEKLY

Uptrend making HHs / HLs.

Market is coming from a strong support & resistance zone.

Sell zone is there as well where Bears can be powerful, keep in mind.

Oct 29

Note

DAILY

Bullish M pattern can play out.

Clear support & resistance zone is there.

Oct 30

Order cancelled

Chairman Schlegel speaks in 20 mins. Buy limit removed.

Oct 30

Trade active

Buy limit order set again. Active.

Oct 30

Note

Risk free!

Oct 31

Trade closed: stop reached

Out at break even.