An opportunity to enter sells. The market is showing signs of rejections right at the resistance zone. Many failed attempts to break this zone have been witnessed. A break and restest of the minor bullish trend will signal a sell entry.
As we can see in 4h Time frame bearish engulfing pattern emerged pattern is still in progress entry for sell and target points are mentioned in the chart. Study and see how the price action works here.
This for educational purpose only do your own research before taking trade.
Have a profitable day.
CHFJPY 1 Hour Analysis
1. Creating Divergence with MACD
2. Having a trend (we need to wait)
3. creating a range (yellow box)
(we need to wait for range break
4. The current candle can break
bullish dominance
So, we need to wait for an entry.
CHFJPY 4 Hour Analysis
1. Price is respecting the Resistance zone
2. There is a proper Triangle pattern
3.a now If the price breaks the resistance,
and Stoch is also above 80, Long
3.b if, price gets reversed from resistance,
and Stoch also coming inside 80, Short
4. Best entry, wait for Bullish Dominance break
price approach at area of value and strong support and also made inverted head and shoulder pattern and price action formation at right shoulder so we can expect price move up
in my openion CHFJPY can retracement from 0.786 fib level because of it's nature.In past days this pair retracement from this level and make a LL and this time it can make a new LL.
Buy Limit - 139.000
SL - 138.900
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Hey guys,
Hope you guys all fine.
BOS is shift and new Inducement created.
Just wait for IDM sweep and enter from our marked zone.
Enter when you see confirmation pattern as i mentioned on right side, so you can increase RR.
STOP OVERTRADE
MANAGE RISK
USE 1% of BALANCE for every trade.
Good luck
Hello guys,
We already missed one entry after ENG LQD sweep. but let's wait for POI level. If price will come into the POI level then take entry in lower time frame with proper confirmation.
I am expecting price will reverse from our POI level.
take 1% risk only , not more than that.
Thanks
