A buy trade opportunity recently presented itself on the CHFJPY trading chart. This is confirmed by the bullish engulfing candlestick pattern just above the 134.650 weekly horizontal resistance level. The level was recently broken by price, followed by a pullback and this idea is actually signalling a continuation of the upward move.
With SL at 134.500 (about 40.6 PIPS) and TP at 136.222 (about 131.6 PIPS), a R/R of 3.24 is possible.
Don't forget to do your due diligence by comparing this with your trade setup and seeking trading advice.
As always:
Look first, then leap!
With SL at 134.500 (about 40.6 PIPS) and TP at 136.222 (about 131.6 PIPS), a R/R of 3.24 is possible.
Don't forget to do your due diligence by comparing this with your trade setup and seeking trading advice.
As always:
Look first, then leap!