CHFJPY SHORT SWING TO 106.50-106.00 AREA
CHFJPY has been rejecting the 109.50 area and has broken a CTL in the SELL zone the next support area is around the 106.50-106.00 area which was the low from the flash crash last December. Stop should be place above the pivot level but overall great risk to reward 1:5.
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
If you agree hit the like button and don't forget to follow. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
What are YOU fighting for?
Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
Comment:
Closed with profit trail stop hit
Trade active:
Market just gave another opporuntity to SELL down to three levels 109.5, to 108.00 to 106.50 stop loss is only 40 to 50 pips around 110.60 area which is the up trend line