CHFJPY - Short 3 to 1 - Trend Continuation trade

Updated
Hello all

This trade meets my entry requirements, Bearish engulfing a few hours ago at Resistance (indicated with the down arrow)

Retrace of that candle by 50% - I am now in that trade manually - Price action by the bulls is small compared to the bearish candle.

It has started to roll over and make lower highs and lower lows too

I am conscious of the Bulls winning the daily candle battle, so it could climb higher, however rules have been met and I am in the trade


Thanks for looking

Duncanforex.com coming soon.
Trade active
Hi all, trade is still active however stop is moved to 108.82 to halve my risk.
Trade active
trade still active, however being watched closely due to back and forth price action today
Trade closed manually
Hi all, trade closed manually in small profit on Friday after Trump changed his mind on trade taxes
3to1Candlestick AnalysisCHFJPYduncanforexEconomic CyclesshortSupport and Resistancetrend

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