CHF/JPY Long-Term Trend: Bullish
Key Resistance Levels: 167.908, 168.145, 168.878
Key Support Levels: 167.031, 166.704, 165.859
Daily Chart:
The price on the higher time frame has been in an uptrend recently after it tested the support level of 158.705 and bounced back. The pair has broken a few levels and a trendline is also broken which indicates signs of trend continuation.
CHF/JPY Medium-Term Trend: Bullish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 162.134 and 163.672 and has sustained above that. As of now the pair has broken and retested a minor level of 164.362 before continuing the momentum.
Signal Idea:
Buy Stop Order @ 167.240
TP @ 167.891
Stop Loss @ 166.589
Trade Safely 🙂
Hit my take Profit!!!
I have placed my trade yesterday is it sill going on? Bcz it has not hit My tp yet!
Swing Trade takes time
wait when do i take it??
when it reaches 167.240??
Yes ! That is the principle of a buy stop !
Hey, is the trade still valid
Yes
But price is continuously going down after hitting buy stop position
Trade still looks good on H4 currently.
Is this trade still valid now? Or better to wait for the next one?
Trade is still valid, upto you to open or wait for the next one.