Hello everyone.
We actually have a trade set up on the CHF/JPY hourly chart. This will be a good example of putting some elements together to form a trade set up.
First off, we’re in the 3rd wave of a Zig Zag (ZZ), which is one of the best waves to trade with. We’re also approaching a nice trendline. If we see a nice break of this trendline, look for a nice movement down.
Be sure to watch the news announcements. This is rigth between the two markets (Japan closing and Europe opening). As always, use your money management when taking any trade.
Good luck.
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