CHFJPY OVER-EXTENDED

27 июл. 2023 г.

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

QUICK UPDATE ON CHFJPY

As we can see price is still overall bullish trading inside this channel making new all-time highs

However, price is sitting around our upper bound of this channel, where we will be looking for new bearish correction movements.

Meanwhile, from a shorter-term perspective price is still also bullish trading inside this rising broadening wedge pattern, and for the bears to kick in we need a break momentum candle close below the marked last swing low.

And as usual 1-2 Risk To Reward ratio from a risk management perspective,

Meanwhile and until that happens price is still overall bullish and price can still trade more higher before reversal.


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!