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SMPTrader
Mar 20, 2019 5:15 AM

Possible CHF/JPY Short position!! Short

FX_IDC:CHFJPY240
SWISS FRANC / JAPANESE YENICE

Description

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SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Chart time frame - H4
Timeframe - 1-4 days
Actions on -
A – Activating Event
Market will meet resistance in zone @112.1 - .... and fall to the @110.00. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 110.00


FX:CHFJPY

Trade Management
Entered @ .....
Stop Loss @ .....
Target 1 @ 110.00
Target 2 @ ....

Risk/Reward @ 5.1

Happy trading :)


Follow your Trading plan, remain disciplined and keep learning !!


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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Chart PatternsTrend AnalysisTechnical IndicatorsCHFJPYchfjpyshortanaylsisTechnical AnalysistradingviewviewForexｆｘ
Comments
FXCM
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Great idea, I have a different bullish view on CHFJPY, let me know how you think
SMPTrader
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@FXCM-EDU, I do believe that there will be a bull move to 112.00 :)
steliostheo1212
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i guess you are waiting for the pair to form a double top formation..... Great!!
SMPTrader
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@steliostheo1212, Thats correct. On the sidelines until then :)
steliostheo1212
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@BenWright21, patience is a virtue
SMPTrader
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@steliostheo1212, Thats right!! Follow your trading plan, remained disciplined and keep learning
Viswajithchakkamadathil
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@BenWright21, you are absolutely correct. I am already placed my sell order
SMPTrader
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@viswajithcg, I think in a short term period but if you looking long-term i think you will see a bull move but time will tell :)
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