CHF/JPY | Potential Downward Movement
💡 Trade Idea
📉 Sell Limit CHF/JPY @ 117.07
🎯 Target Profit 116.12
🛑 Stop Loss 117.29
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was trading within a bullish channel and managed to breakout from the lower side. The market has posted a correction and could not surpass the 38.20% Fibonacci retracement indicating a potential reversal with an expectation of a downward movement to the 116.12 mark.
📉 Sell Limit CHF/JPY @ 117.07
🎯 Target Profit 116.12
🛑 Stop Loss 117.29
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was trading within a bullish channel and managed to breakout from the lower side. The market has posted a correction and could not surpass the 38.20% Fibonacci retracement indicating a potential reversal with an expectation of a downward movement to the 116.12 mark.
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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.