A short on CHFJPY Before the Long Short

Swiss Franc/Japanese YenFXCM

Description

⋅ May 25, 2016 3:23 AM

Last week low is at 111.00. We have a small shark pattern at this level and I want a quick 60-80 off this trade.

Stops above 111.2

⋅ May 25, 2016 12:00 PM

This trade took a 30 pip loss. Point X wasn't very clean and will avoid such trades in the future.