Happy New Year Guys! Its your girl Forex Potatoe we smash the charts and here we are in 2024 ready to smash it again!.
CHF JPY has been in a prolonged uptrend and showing weakness as buyers are beginning to loose steam and momentum slowing down from buyers side. Price broke weekly and daily lows and currently bias changed to Sell on 3 TimeFrames.
What i hope to see before entering this trade is the trendline broken (which has broken a bit), i also need to see the support broken and the last low taken out before i'd be interested in taking a sell. I Predict CHFJPY sells to the TP point on the last Low.
Kindly follow me as i would be breaking down my analysis from time to time and posting videos as well mostly for beginners and intermediate traders that need to understand market structure, and how to execute trades. My goal is to simplify the charts and smash it so you can be a better traders
Tell me what you think about this idea.
CHF JPY has been in a prolonged uptrend and showing weakness as buyers are beginning to loose steam and momentum slowing down from buyers side. Price broke weekly and daily lows and currently bias changed to Sell on 3 TimeFrames.
What i hope to see before entering this trade is the trendline broken (which has broken a bit), i also need to see the support broken and the last low taken out before i'd be interested in taking a sell. I Predict CHFJPY sells to the TP point on the last Low.
Kindly follow me as i would be breaking down my analysis from time to time and posting videos as well mostly for beginners and intermediate traders that need to understand market structure, and how to execute trades. My goal is to simplify the charts and smash it so you can be a better traders
Tell me what you think about this idea.