Get started
HayatoDragonFX

CHFJPY, 4hr tf, sell on breakout of triangle pattern

Short
Swiss Franc / Japanese Yen (FX:CHFJPY)  
HayatoDragonFX  
FX:CHFJPY   Swiss Franc / Japanese Yen
Support and Resistance Supply and Demand Chart Patterns CHFJPY chfjpyshort chfjpysell chfjpysetup priceaction priceactiontrading priceactionanalysis
4
0
supportandresistance supplyanddemand chartpattern chfjpy chfjpyshort chfjpysell chfjpysetup priceaction priceactiontrading priceactionanalysis
Hello my friends,

Today is friday and we are going to trade lightly today.

I found a good setup on CHFJPY pairs.
This pair recently broken below the support of a triangle pattern which has formed since September till November.
Yesterday it finally close below it and i think today is a retest of this broken support.

We could expect downside to next support at 113.15

Sell CHFJPY 104.05
Stop loss 104.35
Take profit 103.20 (2.8R)

RR ratio 1 : 2.8
Use only 1-2% risk
Good luck

Related Ideas

HayatoDragonFX
AUDUSD, 4hr tf, sell downward channel resistance retest
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.