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DocWonmug
Dec 4, 2019 2:51 AM

CHFJPY 240 Short – retesting major resistance, tweezer top Short

CHF/JPYOANDA

Description

We’ve had a brief 4H UT since 24 Nov 2019. Right now it is retesting a major resistance level and has formed a tweezer top. I’ll be looking for a break downward in the RSI across its trendline for a possible short entry.

Comment

I never did get into this trade. And if I had used it exactly as show, it probably would have gotten stopped out with the SL being just a LEEETLE too tight where it retests the top of the tweezer top. But in overview the analysis looks sound.

At this point, I would move the SL to BE.
Comments
UnknownUnicorn4859181
Agree on short here too chfjpy my entry was 110.200 running in 25+ lets see , adding anther position now
DocWonmug
@dhirajvs, what was your SL and TP?
UnknownUnicorn4859181
@DocWonmug, its 110.600 tp :- 109.000
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