Swiss Franc / Japanese Yen
Long
Updated

CHF/JPY H1 LONG - Basic Trendline Break

83
Reasons for setting buy orders:
- D1 support area + bullish candle (D1)
- H4 Divergence
- H1 break of nice trendline with strong impulse leg

We are waiting for retracement!
Keep it simple :)

Good Luck :)
Forex Swing Traders
Trade active
In a trade + nice looking pin bar formed on H1
Trade closed: target reached
First TP reached, a lot of momentum going on. 2 orders remaining. In case of any heavy bearish rejection price action i am going to trail stop loss to the breakeven.

Total risk on this trade was little less then 0.5%
TP1 generated +0.13%

Total open risk = 0.23%

Worst case scenario = -0.10%
Trade closed: stop reached
Stopped out on last two orders. Small loss trade

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.