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NavelaKK
Jul 14, 2020 1:19 PM

CHFJPY SELL 

Swiss Franc/Japanese YenFXCM

Description



Retest of 4hr channel trendline.
Third Touch happen to be not far off from the trendline, with multiple rejection.
I would class this as a valid trade rather than the high prob trade, but was worth an entry with small tight SL

Trade closed: stop reached

Moved SL to BE, annoying due to broker spread it took me out when I was far away from my SL. ah well shame

Anyone who is in on the trade I would initially see how it moves towards the coming trend line as that is potentially TP1, if it breaks then great lock in profit and aim for near TP2

Trade closed: target reached

What a beauty 6.42% target reached
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