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MissCha

CHFJPY Trade 17/4/19 BUY

Long
Swiss Franc / Japanese Yen (FX:CHFJPY)  
MissCha Updated   
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis CHFJPY Ichimoku Cloud chikouspan
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trendanalysis chfjpy ichimokuclouds chikouspan
snapshot
CHFJPY

17/4/19

Ichimoku cloud green is above H4 candle
Ichimoku cloud red is above H1 candle
Seller seems still in control

Chikouspan H4 line near big round no 111 and there is 1st price reaction as S1

Can S2 bring the price up further? Or break further down near lower support D1?

Comment:
snapshot

Postmortem 23/4/19

1 - Follow my strategy rules - Buy AFTER bullish BREAKOUT at 1st attempt - S1.

2 - CHFJPY was on a H4 sideway trend & the trading setup was in the middle of the sideway trend where price just recently tested the upper channel. Tendency price to test lower channel is possible

3 - Price at H4 is within red ichimoku cloud indicating price cold move lower.

4 - Price did react at that lvl up to the nearest H4 resistance = 15p before moving towards the lower sideway channel and breaking it indicating further bearish movement

Aim smaller TP at nearest resistance as setup is in the middle of trend too
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