SHORT on CHF/JPY
CHF/JPY has a strong upward channel that has been respected since April 2020
it is currently at the resistance area of the channel and looks promising to fall back down to the support zone of the channel.
Here is the trade I will be taking on this pair.
ORDER TYPE = SELL STOP
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 124.209
STOP LOSS = 124.957 - 74 PIPS / $7.40 LOSS
TAKE PROFIT = 122.750 - 145 PIPS / $14.5 GAIN
it is currently at the resistance area of the channel and looks promising to fall back down to the support zone of the channel.
Here is the trade I will be taking on this pair.
ORDER TYPE = SELL STOP
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 124.209
STOP LOSS = 124.957 - 74 PIPS / $7.40 LOSS
TAKE PROFIT = 122.750 - 145 PIPS / $14.5 GAIN
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