CHFJPY - False Break
Market structure: UpTrend, Long Bias
Setup: False Break/ retest support
False Break candlestick pattern: Hammer/ Bullish engulfing
Entry: Long Bias, looking to enter when price retest previous resistance turn support around 122.650 area
Stop loss: 1 ATR stop loss at swing low when retest support around 122.030
Take profit: 2 point to look into for take profit, Swing high around 124.480 and 125.210 area depend on your trading plan
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Setup: False Break/ retest support
False Break candlestick pattern: Hammer/ Bullish engulfing
Entry: Long Bias, looking to enter when price retest previous resistance turn support around 122.650 area
Stop loss: 1 ATR stop loss at swing low when retest support around 122.030
Take profit: 2 point to look into for take profit, Swing high around 124.480 and 125.210 area depend on your trading plan
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
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