☑️ Update CHFJPY - 4hrs ( Long Trade Target Range 360 PIP )
🔹Hello traders, Let's review and go over analysis and strategies for CHF / JPY As you can see, prices ben in this Channel Band for some time now. And within that Channel band has been formed a. Counter trend line which I'm expecting a pull out of this. Channel Band and up to the counter trend to go back to down to the weekly high and a continuation in its
past direction down.
🔹NEWS : Enter the Swiss franc, a longstanding safe haven asset thatjust hit its highest level against the euro since 2015, standing tall as its traditional rivals lose appeal.
Disappointing financial updates from the likes of European food giant Nestle and U.S. bank Morgan Stanley have added to investors' risk-off mood. Global shares are down 1.6% this week, while Wall Street stocks lost 2% in two sessions.
🔹Reasons : Price will come back to test the turn point at 170.280$ And a retest of the lower Channel Band. And then price will continue to breakthrough daily high and weakly higher as I have marked out on the chart at 171.489$. And for the visible range volume profile This is a low volume node area This refers to a price level with relatively low trading volume. And there is also a ABCD Pattern that are just barely marked out you can just scrape it
🌐Points of interest🌐
Weekly High : 171.680$
Weekly Low : 169.745$
Monthly High : 169.605$
Monthly Low : 162.170$
Counter Trend line : 175.570$
1 Q High : 147.590$
1 Q Low : 137.500$
2 Q High : 161.600$
2 Q Low : 144.265$
3 Q High : 158.525$
3 Q Low : 166.645$
4 Q High : 170.630$
4 Q Low : 160.025$
🩵Please hit the like button and
🩵Leave a comment to support me!
🗨️Always trying to come up with more quality setups for you guys!
⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!
⚕️Advice⚕️
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!
🙌Have a phenomenal trading day!
Share your opinion in the comments and support the idea with like. Thanks for your support!
past direction down.
🔹NEWS : Enter the Swiss franc, a longstanding safe haven asset thatjust hit its highest level against the euro since 2015, standing tall as its traditional rivals lose appeal.
Disappointing financial updates from the likes of European food giant Nestle and U.S. bank Morgan Stanley have added to investors' risk-off mood. Global shares are down 1.6% this week, while Wall Street stocks lost 2% in two sessions.
🔹Reasons : Price will come back to test the turn point at 170.280$ And a retest of the lower Channel Band. And then price will continue to breakthrough daily high and weakly higher as I have marked out on the chart at 171.489$. And for the visible range volume profile This is a low volume node area This refers to a price level with relatively low trading volume. And there is also a ABCD Pattern that are just barely marked out you can just scrape it
🌐Points of interest🌐
Weekly High : 171.680$
Weekly Low : 169.745$
Monthly High : 169.605$
Monthly Low : 162.170$
Counter Trend line : 175.570$
1 Q High : 147.590$
1 Q Low : 137.500$
2 Q High : 161.600$
2 Q Low : 144.265$
3 Q High : 158.525$
3 Q Low : 166.645$
4 Q High : 170.630$
4 Q Low : 160.025$
🩵Please hit the like button and
🩵Leave a comment to support me!
🗨️Always trying to come up with more quality setups for you guys!
⚠️Warning ⚠️
before you take this trait or take just my word, go look something up Look up some news That could be coming. More info about it Tomorrow And remember, risk management always 1 : 3 always more gains than losses!
⚕️Advice⚕️
I think that every traveler should start doing is writing down The reasons for their setup on the charts If you can't write 5 down, don't take the trade This is coming from me personally After I did this, I saw major improvement in myself and in my trading so do it!
🙌Have a phenomenal trading day!
Share your opinion in the comments and support the idea with like. Thanks for your support!
💲Telegram : t.me/DeltaDiamondd
