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CHFJPY Short Trade *WEEKLY FIB & BEARISH TL*
Swiss Franc / Japanese Yen
Short
CHFJPY Short Trade *WEEKLY FIB & BEARISH TL*
By UnknownUnicorn772665
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Updated
Jun 26, 2019
2
Cheer
Cheer
Jun 26, 2019
CHFJPY has reached the weekly bearish TL for a 3rd touch. This aligns with the 0.618 fib retracement level at around 110.310
The 1hr bullish TL has been broken and price has retested and rejected it from below to form a lower high.
I am targeting the daily fib level around 109.00 to give an R:R of more than 5:1
Jun 26, 2019
Trade active
Jul 3, 2019
Trade closed: stop reached
Chart Patterns
chf
CHFJPY
Fibonacci Retracement
jpy
Trend Analysis
Wave Analysis
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