Possible CHF/JPY Short Position !!
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 3-4 Days
Actions on -
A – Activating Event
Currency Pair creating a Double Top . Currency pair will move south to the @112.550 level.
B – Beliefs
Market will be rejected at @113.850 level and move towards the first Target 1 level @ 112.550 level.
CHFJPY
Trade Management
Entered @ Still waiting for confirmation. Will wait until the High Importance news report comes out for the CPI JPY
Stop Loss @ 114.150
Target 1 @112.550
Risk/Reward @ 3:1
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Chart time frame - H4
Timeframe - 3-4 Days
Actions on -
A – Activating Event
Currency Pair creating a Double Top . Currency pair will move south to the @112.550 level.
B – Beliefs
Market will be rejected at @113.850 level and move towards the first Target 1 level @ 112.550 level.
CHFJPYTrade Management
Entered @ Still waiting for confirmation. Will wait until the High Importance news report comes out for the CPI JPY
Stop Loss @ 114.150
Target 1 @112.550
Risk/Reward @ 3:1
Happy trading. Will let you know closer to the time if or when executed:)
Follow your Trading plan, remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Note
No effect from the CPI news report as of yetTrade active
Entered trade @ 113.62. Stop loss & Target no changeNote
Trailing stop position changed to entry level. Trade working out well and going as predicted :) It all works out if you follow your trading plan!!!
Note
Trailing stop movedTrade closed: stop reached
Follow your Trading plan, Remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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.
Follow your Trading plan, Remain disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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.