OPPORTUNITY FOR SELL CHFJPY
Updated
We have these indicators for SELL opportunity:
- Reflection from the top of the parallel channel (Has been created since 2008)
- Low volume to continue the current direction
- Return/re-test to 1 Month high area (min. for TP1)
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
S/L = -400 pips
* Nothing grows forever, so the turndown is most likely. But beware of the "fake out", which happened in 2015 - count on this in risk management.
- Reflection from the top of the parallel channel (Has been created since 2008)
- Low volume to continue the current direction
- Return/re-test to 1 Month high area (min. for TP1)
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
S/L = -400 pips
* Nothing grows forever, so the turndown is most likely. But beware of the "fake out", which happened in 2015 - count on this in risk management.
Trade closed: target reached
TP 1 REACHED 😊Trade closed: target reached
TP 2 REACHED 😊Trade closed: target reached
TP 3 REACHED 😊
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