Hey guys, I am watching CHFJPY.
105.57- 105.62 is the zone I will be interested to go short on a bearish shark pattern.
I will monitor RSI for divergence/overbought before I execute my short.
EP: 105.57
SL: 105.90 (33)
TP: 104.40 (117)
Potentially a 1:3 risk to reward trade.
Will notify when I go in.
Do not use a pending order!
105.57- 105.62 is the zone I will be interested to go short on a bearish shark pattern.
I will monitor RSI for divergence/overbought before I execute my short.
EP: 105.57
SL: 105.90 (33)
TP: 104.40 (117)
Potentially a 1:3 risk to reward trade.
Will notify when I go in.
Do not use a pending order!
Note
Price is very close to our entry zone.Will wait for a break above and close below this zone before I go short.
Looking at how bullish USDJPY is, I will be more careful on this.
Do not enter with a pending order.
Trade active
Saw a nice rejection of the PRZ. Just went short. SL 105.90
TP Open for now
Note
Went in short at 105.43.Note
Up 40 pips and running. Did you guys get in too?Note
Updated my TP to 104.70.Note
Updated my SL to ensure a risk free breakeven trade.Shifted my SL to 105.43.
Trade closed manually
Squared off my shorts at 104.10. Pocket around 30 pips.Note
Hey guys, for those of you who are interested how I trade, I prepared a report on how I will trade in Week 42.Download report by clicking link below, no signups/login required.
harmonicforex.com/terrys-weekly-forex-market-report/download-now-terrys-week-42-forex-market-outlook-report
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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.