CHFJPY Price is approaching a major support area but given the fundamental backdrop, there is a high probability prices breaks the support. However, I have erred on the side of caution and locked in my profits. The plan is to re-enter short should the support hold and price retraces providing a healthy risk to reward ratio targeting the support again or breaks the support.
CHFJPY I hope that we can practice good habits and not trade the retracements. Find continuation patterns. Don't try to be a hero and take the 'reversal' trade to the upside. I know it's so f-ing juicy to do so. Don't.