Trade of The Week | Counter Trend Trading 🔥🔥🔥

Hey traders,

Earlier we spotted together a major rising parallel channel on CHFJPY.
Trading in a strong long-term bullish trend the pair was approaching its resistance line.
We were expecting a pullback from that.

My trigger to short was a head and shoulders formation on intraday time frames. I was patiently waiting for its neckline breakout to short on a retest.

After a confirmed violation of a neckline, the price dropped nicely.

+160 pips of pure profit gained.

Share your winners of this week!

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Comment:

Check my new idea on EURUSD: