CHFJPY - Bearish Shark short just above Oct high
Hey guys, just an update on CHFJPY.
I am watching this bearish shark short just above Oct high around 106.70- 107.80.
This is not the best kind of setup as I could not draw any ED channel on it.
However, I am predicting a false breakout on this pair where I can short with confidence.
These are the criterias I will monitor before entry
1. RSI divergence
2. Candlestick reversal at PRZ
Good trading guys, do not short too early.
Will keep you guys updated!
I am watching this bearish shark short just above Oct high around 106.70- 107.80.
This is not the best kind of setup as I could not draw any ED channel on it.
However, I am predicting a false breakout on this pair where I can short with confidence.
These are the criterias I will monitor before entry
1. RSI divergence
2. Candlestick reversal at PRZ
Good trading guys, do not short too early.
Will keep you guys updated!
Trade active:
Got in at 106.70 yesterday. Currently running at +70 pips. Holding on to 104.60.
Trade closed: stop reached:
Hit SL - 70 pips.
Classic case of trying to be too greedy before a big news event.
From 100 pips profit to 70 pips loss, I learnt my lesson for November.
Reminder to self, always take some profits at the 38.2 retracement of the C-D leg.
Classic case of trying to be too greedy before a big news event.
From 100 pips profit to 70 pips loss, I learnt my lesson for November.
Reminder to self, always take some profits at the 38.2 retracement of the C-D leg.
bit.ly/2fdrCyu