CHFJPY
on daily is forming an ascending triangle. Yesterday price went through the triangle up-trend line but It didn't closed below which is a good sign! If everything goes well my entry on this one will be around 111.800 and will be exiting around Technical Traget. Keep in mind that is always better to miss some pips and wait for the conformation! The same goes when you exit, If price will close above the technical traget with ease, I'll just move stop loss and lock profit around that traget (I prefer moving stop losses when market gives you some structure..)
Trade set up :
- Entry : 111.800
- TT (or further, depends on price action!) : 115.120
- Stop loss : 110.715
-->Risk/Reward Ratio : 3.
Have a nice weekend!
Trade active:
My entry was reached on Friday and I'm holding it over the weekend