dubaiforexgroup
Short

eurchf potential short

OANDA:EURJPY   Euro / Japanese Yen
potential short on the eurchf possibily breaking below the flag and going down
@dubaiforexgroup that's the eur/jpy chart you posted - but i'm looking at a short too on the eurchf

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@fiab, yeap had this trade on my radar too its clean set up but i didnot follow up with it
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@fiab, are you on the eurchf as well huge potential on this one will see
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fiab dubaiforexgroup
@dubaiforexgroup, yea I am short on this, taken out a few times but shorting every time it hits the upper channel line.
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@fiab, ooh damn i only short when the channel is completed means the upper trend line is parallel to the lower trend line and there is a clear reversal pattern with macd divergence and it should break below the reversal pattern my stop is 1% and i put it above the high and let it play. i dont know how your sl hit everytime
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fiab dubaiforexgroup
@dubaiforexgroup, if that works for you stick to it!! there's a bit more to it , like, i look for an ending pattern and divergence on the RSI, admittedly it is aggressive!

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@fiab, hahahah it is very aggressive but likewise if you backtested it and it working for you thats cool, i like safe grouds so for me this whole green circle is a reversal pattern with macd divergence and then i look for an impulsive move to the down side and a break below close below that when i sell
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