Hey traders,
Earlier we spotted together a major rising parallel channel on CHFJPY.
Trading in a strong long-term bullish trend the pair was approaching its resistance line.
We were expecting a pullback from that.
My trigger to short was a head and shoulders formation on intraday time frames. I was patiently waiting for its neckline breakout to short on a retest.
After a confirmed violation of a neckline, the price dropped nicely.
+160 pips of pure profit gained.
Share your winners of this week!
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Note
Check my new idea on EURUSD: 
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.