Weekly outlook CHFJPY
hi guys. today we're going to be looking at CHFJPY.
firstly HS pattern was formed on a LTF and its close to a resistance level.
and we all know HS patter is a bearish reversal pattern. This mean we should be looking for bearish entry for the week.
Secondly its consolidating and forming an ascending channel, this also is a bearish pattern, therefore am looking forward to more development in price, I.e. a impulsive breakout below the channel, and consolidation ( confirmation that the correction is over).
trade carefully and remember your risk management.
have a great weekend :)
firstly HS pattern was formed on a LTF and its close to a resistance level.
and we all know HS patter is a bearish reversal pattern. This mean we should be looking for bearish entry for the week.
Secondly its consolidating and forming an ascending channel, this also is a bearish pattern, therefore am looking forward to more development in price, I.e. a impulsive breakout below the channel, and consolidation ( confirmation that the correction is over).
trade carefully and remember your risk management.
have a great weekend :)
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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.