Potential structure based opportunity
Good morning traders!
We have a potential structure based selling opportunity on CHFJPY. The pair has broke out of a trend line on the higher time frame, so there is a chance that there could be a brief period of selling we can capitalize on. Sell on confirmation only. Right now the market has paused at a key 111.500 level, which is a proven level of support/resistance. There is also RSI divergence at this level. You can also look for additional confluence or add filters to build a case to sell.
Thanks,
P.S.
We have a potential structure based selling opportunity on CHFJPY. The pair has broke out of a trend line on the higher time frame, so there is a chance that there could be a brief period of selling we can capitalize on. Sell on confirmation only. Right now the market has paused at a key 111.500 level, which is a proven level of support/resistance. There is also RSI divergence at this level. You can also look for additional confluence or add filters to build a case to sell.
Thanks,
P.S.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.