Using my Supply and Demand trading strategy. I have analysed the pair CHF/JPY on the 4 Hour Chart. I believe that the pair is a Strong Sell only if the next candle formed is a BIG Bearish Candle or either a Rejection Candle. If this is the case, I will be looking to go Short towards Target 1 and Target 2. If the pair forms a Bullish Candle, I will be looking to go Long.
Trade closed: target reached
After the bullish candle formed, I went long.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.