CHFJPY - 60 min Timeframe - Buy Opportunity
As per our previous weekly timeframe overview (www.tradingview.com/...ew-Long-Opportunity/), we believe that the CHFJPY is presenting itself with a good long opportunity, with an excellent R/R ratio and a big profit potential. On the 60min timeframe, the pair has broken a minor trend, giving us a buy setup.
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Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
Comment:
Watch for breaks for long entries (could pull back a little deeper):
Comment:
We are putting our positions in BE because, on the 4hr timeframe, the pair could go for one more small movement to the downside, before commencing the uptrend on the daily: