Roker1
Long

What's going to happen here? CHFJPY Videoanalysis

FX:CHFJPY   Swiss Franc / Japanese Yen
Hey guys,
in front of you you can see two charts, and that's because i wanted to give you a better perspective on how i look at the markets. As you can see on the left ( daily timeframe ) price has recently broken and closed above multiple resistance levels, which is an indication of a long bias. Therefore our mindset is now on "buy opportunities" and we can take a look at lower timeframes in order to catch the right trade.
On the hourly chart there's two different cases that could turn into reality:
1- Flag pattern: if we see a break of that trendline , that would mean an early continuation on the upward direction. We could buy at every retracement from that moment on.
2- Retest of structure: the one i'd trust more, if we see price coming back around the black line, we could wait for a confirmation and then buy the markets with tight stops and great targets.

I've explained this strategy along with many other possibilities in my new weekly analysis (click on the link below)

If you have ideas/questions, feel free to share.
Otherwise, see you in the next chart!
Comment: Order's set:
Trade active
Trade closed: target reached:
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
May I just say Kudos on the trade win.
Awesome price action and structure analysis.
+1 Reply
Roker1 scorpiousg
@scorpiousg, thanks mate!
Reply
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