CHFJPY (Short)

Trend : Bearish
Formation: Descending Triangle

Entry : Wait for the breakdown below the descending triangle (112.5) !!. you can always wait for a slight pull back (after the breakdown) before you enter the short trade. Do remember that there are times that you cant get the expected full profit. By sacrificing a portion of the position will lead to a better entry rather than jumping in straight when you see a formation has breakout.
TP1 : 116.35
TP2: 109.5

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[Disclaimer : Please do your own due dilligent when trading. Above idea is for reference purpose, you are responsible for your own action. ]

Quotes "The key to trading success is emotional discipline"

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MemoriesLane

Feel free to post any comment/question or any idea that you wish to share. I am more than willingly to reply you back :)

1) Please click on my profile to follow me , if you think my ideas do help you or provide you with another insight