SMPTrader
Short

Possible CHF/JPY Short Position!!

FX_IDC:CHFJPY   Swiss Franc / Japanese Yen
SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY


SMP Strategy

Chart time frame - H4
Timeframe - 1-2 Days
A – Activating Event
Market will meet resistance in zone @ 109.00 - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 108.33
C - Fundamentals that may affect the pair
USD CPI on the 25th Sept @ 00:00 AEST
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 108.33
Target 2 @ ....

Risk/Reward @ 1.5.1

Happy trading :)


Follow your Trading plan, Remain disciplined and Keep learning !!


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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!

Comments

Nice analyisis Ben
Reply
SMPTrader DaweFXHunter
@DaweFXHunter, Great Thanks :)
Reply
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