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.