3:1 Risk Reward for you swingers

FX:CHFJPY   Swiss Franc / Japanese Yen
I actually just placed my limit order on this position but you'll have to decide for yourself

1) Strong supply/ demand zone

2).618 Fibonacci landing perfectly on this zone

3) Trend line indicating overall bearish direction of CHFJPY

4) RSI seems to be running out of steam exactly in the right spot

5) 1.272 extension there at the bottom for the trade to complete right in the next big supply/ demand zone

Check it out for yourself


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