UPDATE to CHFJPY Sell Idea
On the Daily time frame, the pair is in an overall SELL trend
and has completed a corrective movement to the 61.8 on the Fibonacci.
Enter for a Sell @ Market Execution
TP1 113.700
TP2 112.500
TP3 111.000
TP4 108.8000
Risk is 65 pips
Reward is 485 pips/600 pips longer term
and has completed a corrective movement to the 61.8 on the Fibonacci.
Enter for a Sell @ Market Execution
TP1 113.700
TP2 112.500
TP3 111.000
TP4 108.8000
Risk is 65 pips
Reward is 485 pips/600 pips longer term
Commento:
Price dropped over 100 pips then corrected to right below the 50 on the H4 Fibonacci. I am currently 80 pips in profit and entered a second position.