FX:CHFJPY   Swiss Franc/Japanese Yen
84 6 5
POSTED AN IDEA EARLIER THIS WEEK WHERE I BOUGHT @ 130.00 AND SUBSEQUENTLY SOLD AT 2618 SETUP.
I TOOK HALF OFF MY 2618 AND IS LOOKING TO ADD.
CHFJPY             IS LOOKING REALLY BEARISH .

  • LAST NIGHT CLOSED BELOW 130.00 ROUND PYSCH NUMBER.
    ON D1, IT IS A BEARISH ENGULFING + A VERY BEARISH CLOSE AT ITS LOW LAST NIGHT.

ONE CAN ONLY THINK OF SELLING THIS.
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Also looking to enter short at the same area! Hehe Very good post, simple and straight to the point! =)
+1 Reply
Thanks bro. With SL above yesterday's high. hopefully thats enough. Placed a greedy 130.80 sell limit.
+1 Reply
Daniel.B PriceActionTrading
Looks as if that SL will do =) I'm looking to enter at 131.40-.50 (If we even get up there lol)
Reply
Exactly, i will enter at two units. 2nd at yours if it even get up there.
You out of the UJ trade bro? it may turn i already took a small short.
Reply
Daniel.B PriceActionTrading
I'm still in it bro, took the first half off the table though when the last 4HR doji formed, leaving the rest on with SL at break even. 2nd target for me is 124.00 (If we even get there before NFP)
Reply
May spike there. NFP are known to cause 100-150pips spikes in godknowswhere direction.
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Reply
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