fxmarketsecrets
Short

CHFJPY Short on 4-hr chart

FX:CHFJPY   Swiss Franc/Japanese Yen
28 0 0
Sorry this is late. My idea never posted last night, so I'm posting now.

  • Strong down trend
  • Pullback to resistance @ 122.00
  • Reversal candle @122.00
  • No clear strong support - shooting for at least 2x risk
Comment: Entry was 121.865
Moved stop to +10 pips at 9am Eastern time
Comment: Moved stop to 121.30 - last active low
Comment: Moved stop to 120.10 - just above high 2 bars back
Trade closed manually: Reversal bar created at 119.00 which shows sign of support. Closing for 281 pips (almost 7x risk)
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