CHFJPY OUTLOOK
Price trading inside bullish channel but has approached a key level where price rejected multiple times.
We see this as a potential opportunity for a sell using the 'bounce' strategy where resistance is imminent for price action.
Impulse Short entries can be taken once price rejects that region clearly.
We had our sells set up with potential downside in the R:R ratio of 1:5.
Price trading inside bullish channel but has approached a key level where price rejected multiple times.
We see this as a potential opportunity for a sell using the 'bounce' strategy where resistance is imminent for price action.
Impulse Short entries can be taken once price rejects that region clearly.
We had our sells set up with potential downside in the R:R ratio of 1:5.