CHFJPY - Over-Bought Zone - Again!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
CHFJPY is overall bullish trading inside the brown channel.
Moreover, the zone 150- 155 is a strong supply zone .
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green supply zone and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
As CHFJPY approaches the purple circle zone again, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CHFJPY is overall bullish trading inside the brown channel.
Moreover, the zone 150- 155 is a strong supply zone .
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green supply zone and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
As CHFJPY approaches the purple circle zone again, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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