The CHFJPY has 3 times bounced from the purple box but has now finally broken through it. We look to short it when it retests this level again as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. Our stops go above the resistance box and I'm hoping to catch a 1:3 on this one as price should come back down to at least 122. Moving my stops to breakeven when price hits 2/3 of profit.
We can also see that we are currently in a downtrend if we zoom out (Lower highs and lower lows indicated by the blue lines).
Good luck everyone and as usual, hold your thumbs!
We can also see that we are currently in a downtrend if we zoom out (Lower highs and lower lows indicated by the blue lines).
Good luck everyone and as usual, hold your thumbs!
交易結束：目標達成
Target reached guys, that was a quick one! :)
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