CHFJPY Long Trade Setup
Updated
Hello traders.
CHFJPY down move is completed in my opinion and we got reversal impulse, which broke the blue trendline. Now, it looks like a correction is in the making. Putting an entry order above previous top with stoploss below last bottom is my trade idea. If it makes a bigger correction something like I draw, I will take breakout trade. My target is 123.
CHFJPY down move is completed in my opinion and we got reversal impulse, which broke the blue trendline. Now, it looks like a correction is in the making. Putting an entry order above previous top with stoploss below last bottom is my trade idea. If it makes a bigger correction something like I draw, I will take breakout trade. My target is 123.
Note
I think its correction is completed. Now, I'm waiting for breakout, then I will take a long trade. When I take it, I will remove my entry order. Trade active
Entry order was triggered.Note
I'm waiting for break out and correction in order to take another long trade. Trade closed: stop reached
Although it stopped me out, I'm still looking for long trades. Because the daily corrective structure is still there.
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