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CHFJPY: Bottom Formed On Bank Holiday
Swiss Franc / Japanese Yen
Long
CHFJPY: Bottom Formed On Bank Holiday
By darian_fx
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Updated
May 7, 2019
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May 1, 2019
Welcome to this analysis guys on todays bank holiday.
We are looking at the CHFJPY on the 1h time frame. There was a clearly bearish trend line, which was broken to the upside and got retested.
The retest happened with a pin bar or a so called wick. A good indicator about a trend change.
My favorite divergence is also in place.
It is still possible to enter the trade but you got a less good risk to reward! Keep that in mind.
Wishing you guys good trades and hear you next time!
May 4, 2019
Trade active
Price did touch the bottom another time. Holding the trade and expecting a rise of CHFJPY during next week.
May 7, 2019
Trade closed: stop reached
Price did break the low.
BANK
bottom
Bullish Patterns
CHFJPY
chfjpyanalysis
chfjpylong
holiday
Technical Indicators
trade
trading
Trend Analysis
Wave Analysis
darian_fx
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