Experiencing semi over sold conditions, the first long position shouldn't be held long, second short position is for the continuation of trend and can be held longer. NOTE - going a little off tangent here not all of my requirements have been met for the short term long so the price could drop down further.
CHFJPY is well over sold, it is also on under the 61.8 retrace which is the only factor that makes this not as good of a trade, it being so over sold means it needs a correction hence the short term long, however in the long run it should still be short unless it comes back and finds HARD strength on the 61.8 retracement
RR a little ambitious for my tastes but works with higher TF, If he falls after this correction expect to long the next support as it is a hard support lvl, Needs to correct is currently over sold, might not be as big of a correction as I'm hoping for only time will tell.
This is over bought however Metals go over and under bought often, trade with care it could continue up a bit further till we find a harder resistance line.
Trade based off Golden ratio, as well as Common S&R lvls. At the moment it is well over sold so we can expect up movement, If he continues down we can adjust to long the next major support as that seems to be the base of a channel. - Again Over sold gave me indication that this was worth looking at watch RSI STOCH AND BB.
