CHFJPY Analysis H4Here is my analysis for CHFJPY on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Chfjpysetup
CHFJPY - 4HSwiss Franc has been bullish against the Japanese Yen from long time due to its strong economy, now the Swiss Franc is near its all time high of 168.400, which was made in October, there are two scenarios which can be, the 1st one is that it will retrace before moving up further and the levels of retracement can be 167.176 and if broken can reach up to 165.136. If this does not happen it may break the resistance and make a new all time high. So risky traders can open a small trade for sell till the retracement and place a stop loss of 169.060 achieving a 1:2RR.
CHFJPY Symmetrical TriangleFX:CHFJPY
As you can see that CHFJPY has created a Symmetrical Triangle in 1Hr Time frame. wait for the breakout and Take retest entry. Plan your trade accordingly....
CHFJPY SELLHallo Trader,
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CHFJPY Weekly AnalysisBuy CHFJPY when the counter trendline is broken with strong bullish momentum.
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LONG THE EARLY BIRDDaily break and retest - confirms uptrend
4H my preferred entry zone. double bottom formed at the demand zone . broke and waiting for 2nd retest.
Take profit 1 and 2 are set at 90.880 (TP1) and 91.180 (TP2)
Sl will be 5 pips below previous LH, will be adjusted at retracement if need be.
Good Luck and Risk safe, don't gamble, even a perfect setup can fail.
My personal risk is 1 to 3% per trade.
