LOOKING FOR SELLS ON CHFJPY
Although price is in a range, I see the price has broken trend and is starting to show signs of bearish price action. I’m looking on lower time frames for possible support turned resistance at around psych level 165.500 will update with lower timeframe perspective.
Above 165.500 I wouldn’t be interested in sells.
Above 165.500 I wouldn’t be interested in sells.
Comment:
more detailed view of how i would have approached ltf entry for 50 pips of 100pip drop that eventually took place
more detailed view of how i would have approached ltf entry for 50 pips of 100pip drop that eventually took place
above the broken resistance shown in orange off of the trendline would be a riskier sell, but waiting on a closure below the orange box and bearish candlestick pattern to show confirmation of sellers would be a safer entry.