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NDOBObanks

CHFJPY Long with 3 confluences (Zero Indicators)

Lång
Schweizisk franc/Japanska yen (OANDA:CHFJPY)  
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OANDA:CHFJPY   Schweizisk franc/Japanska yen
Chart Patterns Wave Analysis Trend Analysis chfjpylong chfjpyanalysis chfjpyforecast noindicators noindicator cleanchart nakedforex
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chartpattern waveanalysis trendanalysis chfjpylong chfjpyanalysis chfjpyforecast noindicators noindicator cleanchart nakedforex
Confluences:
1. Daily chart double bottom
2. Daily chart trendline breakout
3. Price trending bullish on daily chart as price created a new high.

Entry: Middle of the week would be the ideal time to enter this trade after the breakout and correction takes place. We will be looking to enter on the continuation to the upside. This is a nice short term trade with a duration 4-5 days holding period
Kommentera:
Trade cancelled, we might have an sell off on our hands.
Kommentera:
The sentiment changed from risk-on to risk-off, we might see chfjpy sell off to the level of 116.500. This is due to covid19 cases on the rise in Europe, which will impact the demand for oil.
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