Potential Long Opportunity on CHFJPY
Price action context clues have printed an opportunity for reversals to the upside within this zone that it is currently dropping into.
If price action begins to show exhaustion at this level, then a reversal could be likely to happen.
Exhaustion presents itself when you see wicks into the are but there are no candles breaking the level.
Multiple wicks into an area that you have mapped out as a trade entry further validate your analysis and you should take the trade.
Liquidity is being sucked from that area for a move to the opposite way.
Wait for multiple wicks into your area of interest before you decide to pull the trigger for you trade.
Manage your risk and keep a cool head no matter the outcome of the trade.
Winning streaks can create ego, recklessness and over confidence, losing streaks can create fear, timidness, uncertainty, and hesitancy.
Believe in yourself, trust your analysis and maintain zen in your life on and off the charts for best results.
Happy trading!
If price action begins to show exhaustion at this level, then a reversal could be likely to happen.
Exhaustion presents itself when you see wicks into the are but there are no candles breaking the level.
Multiple wicks into an area that you have mapped out as a trade entry further validate your analysis and you should take the trade.
Liquidity is being sucked from that area for a move to the opposite way.
Wait for multiple wicks into your area of interest before you decide to pull the trigger for you trade.
Manage your risk and keep a cool head no matter the outcome of the trade.
Winning streaks can create ego, recklessness and over confidence, losing streaks can create fear, timidness, uncertainty, and hesitancy.
Believe in yourself, trust your analysis and maintain zen in your life on and off the charts for best results.
Happy trading!
Seeking mentorship?
Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)
Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)
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