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TheBourgeoisie
Nov 3, 2016 10:13 PM

Going short on CHF/JPY Short

FX:CHFJPY240
Swiss Franc/Japanese YenFXCM

Description

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Reason for entry: Trending down - crossed the moving average
Risk/reward ratio: 4.28
Potential profit: 109%
Indicators: RSI, CCI, MACD all indicate bearish trend
Multiple time frame support (1W, 1D, 4H): Yes
Moving Average: Below moving average
Upcoming news announcements: None

Trade closed: stop reached

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Result: Sudden turn to the upside and got stopped out at a 26% loss.
Lesson learned: shit happens :)
Comments
TheBourgeoisie
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Result: Sudden turn to the upside and got stopped out at a 26% loss.
Lesson learned: shit happens :)
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