Hi Traders ! I entered a long position on the CHF/JPY 15-minute chart, based on a potential bullish breakout from the symmetrical triangle formation. Here's my analysis:
1. Rising support and bullish pressure: The lower trendline shows higher lows, signaling accumulation and a likely breakout to the upside.
2. Moving Averages: The EMAs are tangled, but the 200 EMA (red) has consistently acted as dynamic support during consolidation.
3. RSI: The RSI is rebounding from the 50 level, indicating renewed buying momentum.
📈 Entry: Around 172.224.
🔴 Stop Loss: Set at 171.710, just below the triangle support.
🟢 Take Profit: Positioned at 172.674, using the triangle's height projected upwards as a target.
This trade offers a solid risk/reward ratio with strong technical backing. Now, I’ll monitor the volume and wait for a breakout confirmation to validate the move.
Does this align with your trading style, or would you tweak anything further? 🚀
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Trading involves significant risk, and you should carefully consider your financial situation before making any decisions. Past performance is not indicative of future results.
1. Rising support and bullish pressure: The lower trendline shows higher lows, signaling accumulation and a likely breakout to the upside.
2. Moving Averages: The EMAs are tangled, but the 200 EMA (red) has consistently acted as dynamic support during consolidation.
3. RSI: The RSI is rebounding from the 50 level, indicating renewed buying momentum.
📈 Entry: Around 172.224.
🔴 Stop Loss: Set at 171.710, just below the triangle support.
🟢 Take Profit: Positioned at 172.674, using the triangle's height projected upwards as a target.
This trade offers a solid risk/reward ratio with strong technical backing. Now, I’ll monitor the volume and wait for a breakout confirmation to validate the move.
Does this align with your trading style, or would you tweak anything further? 🚀
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Trading involves significant risk, and you should carefully consider your financial situation before making any decisions. Past performance is not indicative of future results.
Đóng lệnh: đạt mục tiêu
Close in 172.50 🤑
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
🔥 Top indicators I personally use 👇
tinyurl.com/36vkfjm9
tinyurl.com/36vkfjm9
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.