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BoonHooi
Mar 2, 2017 2:24 PM

CHFJPY completes a Shark Pattern Short

Swiss Franc/Japanese YenFXCM

Description

Completed a bearish Shark around 113.00
RSI touches the overbought zone and ticks down.
I took the trade at 112.87 after breaking below the rising wedge

Placing the Stop Loss above the round number = 113.211 (34pips)
Targets at 111.85 (102pips)

Trade closed manually

Cutting my position early. Looking at the H4 chart, price is above the TL and is now supported by it. Hinting that this can go higher. Took a -7pip loss

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