2018May17 CHFJPY H4 Trend Continuation
CHFJPY has broken to the upside from the horizontal resistance at 110.422. I am looking for price to retest the previously broken resistance, expecting it to hold and become the new support. Stop loss is based on ATR x 2 while the take profit level has the same as the number of pips by default. I intend to manually cancel the buy limit order if price goes to TP1 before getting triggered.
Trade Setup: Trend Continuation
Price Entry: 110.422
SL 109.872 | SL pips 55.0
TP1 110.972 | TP1 pips 55.0
RRR1 1.0
Trade Setup: Trend Continuation
Price Entry: 110.422
SL 109.872 | SL pips 55.0
TP1 110.972 | TP1 pips 55.0
RRR1 1.0
Note
TP1 hit! :) (May 18)
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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.