TimStuyts
Short

CHFJPY the perfect sell triggered

FX:CHFJPY   Swiss Franc/Japanese Yen
157 4 11
Last Friday I posted a potential perfect sell set-up for the CHFJPY             which has been triggered today.

CHFJPY watch for perfect sell scenario


I'm very specific when it comes to wave count and especially when it comes to extensions. This resulted in a 7 wave pattern which is an extended corrective wave count. This boosted the probability of the short because I was looking for another impulse lower.

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ruthrajamanie
10 months ago
Nice setup.. Waiting for a retrace to TL to enter
+1 Reply
TimStuyts ruthrajamanie
10 months ago
Waiting for consolidation to enter short is a good approach. I will use such consolidations to adjust my stop loss to profit and add. Good trading to you!
Reply
khorkhii PRO
10 months ago
Got in late and shorted at the consolidation, nice 45 pips. Thanks Tim!
Reply
TimStuyts khorkhii
10 months ago
That's great, congrats! The target at 116.20 has been hit! I'm out of this trade now and will be looking for what's next.
Reply
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