CHFJPY high probablity of short entry
The moving average has become a strong resistance and the market is at fib level now.
Can take profit till the next fib level and place stop loss around 40 pips above the current price.
My sell limit is at 112.85 or 112.65 with stop loss at 113.15
My sell stop is at 112.00 with stop loss at 112.30
or at 112.20 with stop loss at 112.60
Trade at your own risk guys :)
All the best for the coming week!
Can take profit till the next fib level and place stop loss around 40 pips above the current price.
My sell limit is at 112.85 or 112.65 with stop loss at 113.15
My sell stop is at 112.00 with stop loss at 112.30
or at 112.20 with stop loss at 112.60
Trade at your own risk guys :)
All the best for the coming week!
Comment:
The 112.85 sell limit is working nicely. Moved stop loss below the entry to lock in some profits!