Potential Short Opportunity for CHFJPY
The pair is currently ranging on a descending channel. It has recently touched the top of the channel and it seems to be moving towards the bottom now. Thus, my plan for this pair will be for it to break the minor support level (pink horizontal line) before i enter a short position on this pair. This trade gives us a good risk-reward ratio.
Notes: more aggressive traders can look to enter half their lot size now.
Notes: more aggressive traders can look to enter half their lot size now.
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.