Weekly outlook CHFJPY
hi guys. today we're going to be looking at CHFJPY.
firstly HS pattern was formed on a LTF and its close to a resistance level.
and we all know HS patter is a bearish reversal pattern. This mean we should be looking for bearish entry for the week.
Secondly its consolidating and forming an ascending channel, this also is a bearish pattern, therefore am looking forward to more development in price, I.e. a impulsive breakout below the channel, and consolidation ( confirmation that the correction is over).
trade carefully and remember your risk management.
have a great weekend :)
firstly HS pattern was formed on a LTF and its close to a resistance level.
and we all know HS patter is a bearish reversal pattern. This mean we should be looking for bearish entry for the week.
Secondly its consolidating and forming an ascending channel, this also is a bearish pattern, therefore am looking forward to more development in price, I.e. a impulsive breakout below the channel, and consolidation ( confirmation that the correction is over).
trade carefully and remember your risk management.
have a great weekend :)
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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.