CHF/JPY M30 with short bias
Hello ladies and gentlemen! Welcome to my first analysis on tradingview!
Let´s break down the current CHF/JPY intraday chart. As you can see CHF/JPY is currently in a downtrend. We have 2 trendlines here: 1. outter trendline and 2. inner trendline. Also we have our "golden" zone from the last bearish move as confluence. The price reacted to 61.8% fib level nicely with a 3-pin-formation. That was my signal to go short! RR is 1:3
Let´s wait and see what happens!
If you like my analysis, so please give me a like and follow me on instagram!
Cheers
Becker Investments
Let´s break down the current CHF/JPY intraday chart. As you can see CHF/JPY is currently in a downtrend. We have 2 trendlines here: 1. outter trendline and 2. inner trendline. Also we have our "golden" zone from the last bearish move as confluence. The price reacted to 61.8% fib level nicely with a 3-pin-formation. That was my signal to go short! RR is 1:3
Let´s wait and see what happens!
If you like my analysis, so please give me a like and follow me on instagram!
Cheers
Becker Investments
Trade closed: stop reached
SL hit! Inner trendline couldn´t hold.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.