CHFJPY

[K_Robdog]

Howdy traders!

I've spotted a good looking opportunity on CHFJPY.

Price is approaching the top of the equidistant channel and our RSI indicator is telling us that this pair is overbought. We should see a change in direction here. Use appropriate lot size and risk management if you plan on taking the trade.

Let me know your thoughts.

Good luck folks.

 

[Zack King]

not trading, but following this one, thanks

 

[DT77]

Good shout, doing exactly what you said

 

[Mike Shor]

Looks good. Thanks!

 

[sebking1986]

Certainly nothing at the moment suggesting it won't follow the pattern and go short. Good spot

 

[georgequayle]

Howdy traders!

I've spotted a good looking opportunity on CHFJPY.

Price is approaching the top of the equidistant channel and our RSI indicator is telling us that this pair is overbought. We should see a change in direction here. Use appropriate lot size and risk management if you plan on taking the trade.

Let me know your thoughts.

Good luck folks.

Looks good to me matey

 

[georgequayle]

When does the trend reach the top tho and start to fall?

 

[pezza55]

Howdy traders!

I've spotted a good looking opportunity on CHFJPY.

Price is approaching the top of the equidistant channel and our RSI indicator is telling us that this pair is overbought. We should see a change in direction here. Use appropriate lot size and risk management if you plan on taking the trade.

Let me know your thoughts.

Good luck folks.

Excellent channel trading there and great pick out of the pairs very clear and precise chart

 

[James_Burt]

Cheers, will check back on this pair on Monday.

 

[Glastonburyk]

Howdy traders!

I've spotted a good looking opportunity on CHFJPY.

Price is approaching the top of the equidistant channel and our RSI indicator is telling us that this pair is overbought. We should see a change in direction here. Use appropriate lot size and risk management if you plan on taking the trade.

Let me know your thoughts.

Good luck folks.

Keep em coming man great analysis

 

[K_Robdog]

Thanks for the feedback guys.
It looks like we have had a nice bounce from the channel and so far, so good.
There is a chance we may get one more wave up for a kiss goodbye though.... Lets wait and see!

 

[REB_FX]

Great confluence with horizontal support, and rejected bang on, nice stuff!

 

[K_Robdog]

I hope we have all locked in some profits on this pair. We are almost at the bottom of the channel now folks. I will be keeping a close eye on price as we approach to see if we get a bounce and continue with the uptrend.

 

[DT77]

Looks like we got a bounce on Wednesday.....