Sell CHFJPY
Updated
I am waiting for the price to breakout of the upward channel (H1) and that will confirm a reversal on this pair. Another interesting part is that if the price pushes higher to the resistance (around the grey rectangle by the trendline drawn from the high of Jan, 2015), I will enter the trade from that area, keeping my SL at 50 pips. And the price would be forming double top as well if it retests the trendline, giving me more reasons to short this pair.
TP1 at 112.511
TP2 at 110.661
Trade with care, and good luck!!! Cheers.
TP1 at 112.511
TP2 at 110.661
Trade with care, and good luck!!! Cheers.
Note
The trade is up by 130 pips. Move your SL 100 pips below the entry point.new SL @113.9
Good Luck!!
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