Hello Traders and everyone, HADI IS HERE
If you like the idea, do not forget to support with a like and follow.
CHF/JPY PAIR
As we can see price is overall bullish from a long term perspective
however we are now around or approaching a massive resistance zone, where we will be searching for sell setups
As we can see price is now trading inside this channel making clean higher highs and higher lows
So for now what !
For now and for the bears to take over we need a new swing low to form as shown from the projection then a break below
We target 1-2 RISK TO REWARD RATIO, from a Risk managment perspective
until that happens we are overall bullish and we can still trade higher and higher before reversal
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
CHF/JPY PAIR
As we can see price is overall bullish from a long term perspective
however we are now around or approaching a massive resistance zone, where we will be searching for sell setups
As we can see price is now trading inside this channel making clean higher highs and higher lows
So for now what !
For now and for the bears to take over we need a new swing low to form as shown from the projection then a break below
We target 1-2 RISK TO REWARD RATIO, from a Risk managment perspective
until that happens we are overall bullish and we can still trade higher and higher before reversal
and as usual follow your trading plan and manage your risk.
Be patient and good luck!