CHFJPY INVERTED CUP AND HANDLE BEARISH TREND
CHFJPY Inverted Cup and Handle Bearish Continuation Trend.
There seems to be no Divergence at RSI at the inverted Cup and Handle so it seems to carry on as downward continuation pattern.
Our Entry will be at the bottom end of the inverted cup and using Sell Stop Order i.e. Entry Price 140.791
Our Stop Loss will be the top of the Handle i.e. 142.626
Our TP1 will be the Diagnal length of the cup in total but we use our TP1 same as our stop loss i.e. TP1 138.931
Our TP2 will be TP2 i.e. 137.039
OUR LOT SIZE IS 0.07
There seems to be no Divergence at RSI at the inverted Cup and Handle so it seems to carry on as downward continuation pattern.
Our Entry will be at the bottom end of the inverted cup and using Sell Stop Order i.e. Entry Price 140.791
Our Stop Loss will be the top of the Handle i.e. 142.626
Our TP1 will be the Diagnal length of the cup in total but we use our TP1 same as our stop loss i.e. TP1 138.931
Our TP2 will be TP2 i.e. 137.039
OUR LOT SIZE IS 0.07