Hello Traders,
Today, we are having a closer look at CHFJPY, which presents a promising trading opportunity. Upon analysing the daily chart, we can observe a geometric pattern resembling a diamond shape. The trade has already been initiated, and you can view it here:
However, don't worry; I have more news to share with you.
It's important to note that the diamond pattern won't be considered valid until we see a healthy breakout above 164.290. You can monitor this breakout here:
Here's the trading strategy I have for you:
1. Enter a long trade above the breakout level of 164.290, ensuring there's a surge in volume.
2. Place a stop-loss order below the previous low before the breakout.
The diamond pattern offers excellent target criteria. You can consider the following target levels:
- 62%: 166.938
- 79%: 167.653
- 100%: 168.545
I hope you find this analysis useful. I have many more analyses like this one in my profile, so you should check it out before you leave. If you support this idea, please show your appreciation with a like and stay connected by following me. Don't miss out on more trading opportunities like this one.
Have a fantastic weekend!
Best regards,
TCPLTP
Today, we are having a closer look at CHFJPY, which presents a promising trading opportunity. Upon analysing the daily chart, we can observe a geometric pattern resembling a diamond shape. The trade has already been initiated, and you can view it here:
It's important to note that the diamond pattern won't be considered valid until we see a healthy breakout above 164.290. You can monitor this breakout here:
Here's the trading strategy I have for you:
1. Enter a long trade above the breakout level of 164.290, ensuring there's a surge in volume.
2. Place a stop-loss order below the previous low before the breakout.
The diamond pattern offers excellent target criteria. You can consider the following target levels:
- 62%: 166.938
- 79%: 167.653
- 100%: 168.545
I hope you find this analysis useful. I have many more analyses like this one in my profile, so you should check it out before you leave. If you support this idea, please show your appreciation with a like and stay connected by following me. Don't miss out on more trading opportunities like this one.
Have a fantastic weekend!
Best regards,
TCPLTP
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.