CHFJPY: Update to yesterdays H&S long idea
Updated
Selling momentum is lost with each test of resistance.
This indicates that buyers will likely takeover.
I'm waiting for a break of resistance before placing a trade.
The resistance is also the neckline of an inverted head & shoulders on the daily chart.
YEARN-FOREX
This indicates that buyers will likely takeover.
I'm waiting for a break of resistance before placing a trade.
The resistance is also the neckline of an inverted head & shoulders on the daily chart.
YEARN-FOREX
Order cancelled
This is why is important to wait for confirmation before placing a trade. I couldh'v entered at market but decided to wait for a clear break of resistance first.
Related publications
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.