CHFJPY (Short)
Updated
Trend : Bearish
Formation: Descending Triangle
Entry : Wait for the breakdown below the descending triangle (112.5) !!. you can always wait for a slight pull back (after the breakdown) before you enter the short trade. Do remember that there are times that you cant get the expected full profit. By sacrificing a portion of the position will lead to a better entry rather than jumping in straight when you see a formation has breakout.
TP1 : 116.35
TP2: 109.5
Feel free to post any comment/question or any idea that you wish to share. I am more than willingly to reply you back :)
1) Please click on my profile to follow me , if you think my ideas do help you or provide you with another insight
[Disclaimer : Please do your own due dilligent when trading. Above idea is for reference purpose, you are responsible for your own action. ]
Quotes "The key to trading success is emotional discipline"
Formation: Descending Triangle
Entry : Wait for the breakdown below the descending triangle (112.5) !!. you can always wait for a slight pull back (after the breakdown) before you enter the short trade. Do remember that there are times that you cant get the expected full profit. By sacrificing a portion of the position will lead to a better entry rather than jumping in straight when you see a formation has breakout.
TP1 : 116.35
TP2: 109.5
Feel free to post any comment/question or any idea that you wish to share. I am more than willingly to reply you back :)
1) Please click on my profile to follow me , if you think my ideas do help you or provide you with another insight
[Disclaimer : Please do your own due dilligent when trading. Above idea is for reference purpose, you are responsible for your own action. ]
Quotes "The key to trading success is emotional discipline"
Trade active
Feel free to post any comment/question or any idea that you wish to share. I am more than willingly to reply you back :)
1) Please click on my profile to follow me , if you think my ideas do help you or provide you with another insight
1) Please click on my profile to follow me , if you think my ideas do help you or provide you with another insight
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.