Hello Traders, here is the full analysis on chfjpy, let me know in the section comment below if you have any questions, the trade will be taken if all the conditions are met. I will like to suggest you, keep this pair on your watchlist and see if the conditions of the strategy are fully satisfied.
D1
_ STRUCTURE: Uptrend.
_ SCENARIO: Two possible trades short-term and long-term.
_ TENDENCY: Downtrend.
_ BUY => short-term, buy after the retracement around 117.27.
_ SELL => Price action at around 118.70.
_ NOTE... Awaiting signal, We consider the sell trade to be more productive as it requires patience since it's a long-term trade (Swing-Trade).
D1
_ STRUCTURE: Uptrend.
_ SCENARIO: Two possible trades short-term and long-term.
_ TENDENCY: Downtrend.
_ BUY => short-term, buy after the retracement around 117.27.
_ SELL => Price action at around 118.70.
_ NOTE... Awaiting signal, We consider the sell trade to be more productive as it requires patience since it's a long-term trade (Swing-Trade).
Comment:
The first trade is invalid, let see the second one.