CHFJPY, Monthly
The monthly shows price converging and we could see an explosive breakout.
CHFJPY, Weekly
On the weekly we see a closer look at price converging there’s nothing to report home about here.
CHFJPY, Daily
The Daily timeframe shows a bearish trend. The market clearly making lower lows and lower highs. Remember we are still in the converging wedge. We could see price make a lower low but we would have to wait a few days to see what will happen.
CHFJPY, H4
On the H4 timeframe, there’s a falling wedge although there’s nothing clear in this instance its good to note. I want to make mention of the “Fall” and the “Climb”. The “Fall” seems forced and also the “Climb” both those pushes seem a little unnatural. There were no pullbacks just a huge thrust and normally when I see these types of moves I wait for the market to normalize. So as is, I’m not seeing anything clear to suggest an entry so I will sit and wait.
4 comments
I LIKE THE WAY YOU ANALYSE THE CHART
Hi, my question is: What time frame do you suggest for a beginner with low capital of 200$ ?
Low capital has nothing to do with timeframe. If you have low capital i suggest you get a micro account. If you have a micro account you will be able to risk 1% even on the highest timeframes.
Great analysis sir you are the best swing trader