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Chfjp

Chf/Jpy Sell IdeaChf/Jpy is in a confirmed downtrend on the hour 4 time frame. Chf/Jpy recently made a pullback on the hour 4 time frame. We are looking for a sell here but we can not push the sell button right now because price may double top before falling. So what is the plan? I am going to wait for a sell signal on minute 15 , Or simply watch to see if price makes a double top on min 15 , and then im going to wait for the sell signal after the double top... then I will consider pushing the sell button. So correction on min 15 , then a fall.... Don't push sell yet... Let's wait. If you did decide to push sell , you would need a 80 pip stop loss or so if price decides to retest and create a reversal pattern.... So the plan is to wait for a sell signal on min 15 or wait for a double top and then a sell signal...
Short
by RlcTrading