CHFJPY Based on ๐ฅThief Trading style technical and fundamental analysis๐ฅ, here is our master plan to heist the CHF/JPY "Swiss vs Japanese" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. ๐๐ธBook Profits wealthy and safe trade.๐ช๐๐
Entry ๐ : "The heist is on! Wait for the MA breakout (168.100) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. I Highly recommended you to put alert in your chart.
Stop Loss ๐: Thief SL placed at the recent / nearest low level Using the 2H timeframe (166.000) swing trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target ๐ฏ: Primary Target - 170.000 (or) Escape Before the Target Secondary Target - 172.500 (or) Escape Before the Target
CHFJPY Entry ๐ : "The heist is on! Wait for the MA breakout (169.000) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. I Highly recommended you to put alert in your chart.
Stop Loss ๐: Thief SL placed at the recent / nearest low level Using the 3H timeframe (167.500) swing trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target ๐ฏ: Primary Target - 171.000 (or) Escape Before the Target Secondary Target - 174.000 (or) Escape Before the Target
CHFJPY Haven't traded this pair in a while but i found several confluences on the daily/weekly timeframes to look for pullback trades. 152 pips secured for the day and floating 26 pips before new york session ends. good day without having a "aim for the moon or heaven mindset"
CHFJPY Price is approaching a major support area but given the fundamental backdrop, there is a high probability prices breaks the support. However, I have erred on the side of caution and locked in my profits. The plan is to re-enter short should the support hold and price retraces providing a healthy risk to reward ratio targeting the support again or breaks the support.
CHFJPY I hope that we can practice good habits and not trade the retracements. Find continuation patterns. Don't try to be a hero and take the 'reversal' trade to the upside. I know it's so f-ing juicy to do so. Don't.
CHFJPY Based on ๐ฅThief Trading style technical and fundamental analysis๐ฅ, here is our master plan to heist the CHF/JPY "Swiss vs Japanese" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. ๐๐ธBook Profits wealthy and safe trade.๐ช๐๐
