ForecastCity
Short

CHFJPY , weekly update:Total profit 3623 pips in 40 days.!

FX:CHFJPY   Swiss Franc / Japanese Yen
FRANK/YEN
New trading suggestion:
There is possibility of temporary retracement to suggested resistance line (112.95), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Midterm forecast:
  • While the level 112.95 is not broken, the Midterm wave will be downtrend.
  • Price may also reach 112.95, if price reaches this level, we may enter by Daily-Trading-Opportunities and this entry depends on personal strategies.
  • We will close our open trades, if the Midterm level 112.95 is broken.

    Trade Setup:
    We opened 9 SELL trade(s) @ 115.75 (day close price) based on 'Two-day reversal candle ( 2-day Shooting Star )' at 02.09.2018 signaled by our "Daily Trading Opportunity".


    Total Profit: 3623 pip
    Closed trade(s): 585 pip Profit
    Open trade(s): 3038 pip Profit

    Closed Profit:
  • TP1 @ 113.40 touched at 02.28.2018 with 235 pip Profit.
  • TP2 @ 112.25 touched at 03.07.2018 with 350 pip Profit.
    235 + 350 = 585

    Open Profit:
  • Profit for one trade is 115.75(open price) - 111.41(current price) = 434 pip
  • 7 trade(s) still open, therefore total profit for open trade(s) is 434 x 7 = 3038 pip
Take Profits:
TP3= @ 110.30
TP4= @ 108.35
TP5= @ 105.90
TP6= @ 104.15
TP7= @ 101.80
TP8= @ 100.00
TP9= @ Free
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Excellent! as always!
+2 Reply
ForecastCity Koorosh_FX
@Koorosh_FX, Many tnx
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