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SwissPips
Aug 10, 2018 7:07 AM

CHF/JPY: Nice area to short (40 pips) Short

Swiss Franc/Japanese YenFXCM

Description

Hi guys,

New idea regarding CHF/JPY.

Best,

Jesse

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Current weekly view

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Current daily view

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Wow going down fast

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Currently pulling back

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Still got a chance to sell at higher prices !

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UPDATE

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SORRY WRONG PRINTSCREEN

Please consider this one

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The flag is about to break

50+ pip trade

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1h VIEW

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Flag is broken = SELL !

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as predicted the pair is going down nicely.

I will close the trade by the end of today (no trades over the weekend).

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The pattern broke
The low of the mother candle broke
H1 is huge
SELL !!
I will not target more than 111.00 for today

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I rarely trade this pair, and you understand why!! :-D

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Less than 20 pips to go before the end of the session...

Will let you know when I close it.

Who is in?

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Bearish flag.

This pair doesn't want to go straight to the point

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re-testing the trend line

this pair is a pain in the ***

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Since it exploded unexpectedly I will keep the short over the weekend. I want to grab my 40 pips on this one.

Have an amazing weekend guys!

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Lowering my target to next fib extension

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Hi guys,

I hope you enjoyed your weekend!

Here's the update of the position.

Cheers

Jesse

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I will set my final target to 110.900.

Trade closed: target reached

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Finally got my 45+ pips!

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Nice drop !

Comments
mvanwalsh
I got out at 111.137 and so this trade worked out well for me! Thanks!
SwissPips
@mvanwalsh, Excellent! Thanks for your message. Have a good weekend
CarlosAponteJr
is it to late for this trade. I just saw
SwissPips
@CarlosAponteJr, Well at the time I posted it "sell" in the comment section, it was pretty good to enter lol
CarlosAponteJr
@SwissPips, Thanks.
olatrader
at what point will this setup be invalidated ?
SwissPips
@olatrader, if it breaks the pattern to the upside which would mean that the identified pattern is not correct... but this is not the case apparently
TheRavensForex
Hi man, is it still active?
SwissPips
@AuthorLin, yep
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