CHFJPY: Continue falling
Updated
My reason on sell bias:
1. Double top formation in 4H/1H tf
2, QM in 1H
3. JPYX is in a bull run
4. The pair is in a downtrend
My execution plan (if the market is kind):
1. Wait for the price to retrace to the Sell zones or to the first bearish setup.
2. Stoploss above the previous 1H candle and trail it
3- Take partial profit in every 15/20 pips. Possible to go down to 140.30
No setup no trade !!
1. Double top formation in 4H/1H tf
2, QM in 1H
3. JPYX is in a bull run
4. The pair is in a downtrend
My execution plan (if the market is kind):
1. Wait for the price to retrace to the Sell zones or to the first bearish setup.
2. Stoploss above the previous 1H candle and trail it
3- Take partial profit in every 15/20 pips. Possible to go down to 140.30
No setup no trade !!
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