ProfessorCEWard

✨ CHFJPY: ITF CURVE ANALYSIS (3D) ✨

Short
OANDA:CHFJPY   Swiss Franc / Japanese Yen
(DOWNTREND)

-SL @ 170.70 🚫
SSO1 @ 169.00 ⏳
SSO2 @ 165.75 ⏳
TP1 @ 159.50
TP2 @ 154.15
TP3 @ 150.15
TP4 @ 143.00
TP5 @ 140.00
SUPPORT @ 139.00

ADDITIONAL INFO:
πŸ€” If this Curve Analysis on the 3D chart holds, then we're going to be setup some major profit

πŸ“Š This is a VERY VOLATILE PAIR. Position Size should be no greater than 3% of your NAV

⚠️ For those who don't mind a little risk, you can place a MO-Short

πŸ”‘
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
NAV = NET ASSET VALUE
SSO = SELL STOP ORDER
TP = TAKE PROFIT

This is an Intermediate Time Frame trade (4 hours to 6 day):

β€” Offers a clearer picture of the underlying trend compared to short-term frames.

β€” Provides more opportunities for confirmation signals and technical analysis.

β€” Allows for more flexible trading schedules, trades can be held overnight.

β€” Suitable for swing traders and some positional traders.

Professor C. E. Ward
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