CHF/JPY 1D SHORT - 200EMA target
Dear All,
This idea is based on few key indicators of the price overheat and early signs of reversal- 200daily EMA hasn't been in contact for a long long time, RSI overbought also the divergency as can be seen.
I have estimated the profit to loss ratio at 1:5 lets see if I'm right, you're welcome to copy at your own risk as this idea is just an idea and I do not advise only share my thoughts!
Also do not forget to risk only as much as you're able to loose otherwise it can hurt, hence s/l and close your position manage your finance wisely :)
This idea is based on few key indicators of the price overheat and early signs of reversal- 200daily EMA hasn't been in contact for a long long time, RSI overbought also the divergency as can be seen.
I have estimated the profit to loss ratio at 1:5 lets see if I'm right, you're welcome to copy at your own risk as this idea is just an idea and I do not advise only share my thoughts!
Also do not forget to risk only as much as you're able to loose otherwise it can hurt, hence s/l and close your position manage your finance wisely :)
Trade active
Trade closed: target reached
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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.
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.