Here we can see price is trading in a flat channel highlighted with the black horizontal lines and our green highlighted rectangle. Price is contained in this area. We are waiting for price to breakout to the downside on this pair.
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CHFJPY BULLISH BAT PATTERN
Market Buy Order Set Up.
Buy Entry: (116.379)
Min Take-Profit 1: (116.782)
Max Take-Profit 2: (117.096)
Stop-Loss: (115.982)
Max Risk-Reward: (1.81)
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chf jpy is rejected and respected the major resistance multiple times and market now is back at strong resistance zone after breaking trend line resistance and looks bearish momentum
enter short at that zone and apply your own money management
Patience is the Key
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This is an uptrend with an expanding flag. Many times these fat expanding flags lead to Head and shoulders patterns. I have marked the possible shoulder and head location. There are 3 major trend lines lines running below the pattern. We have a broken counter trend lines that is being retested lower and lower. When we have expanding flag we should almost always...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
