justinholtgrave

CHFJPY - Bearish Engulfing

Short
justinholtgrave Aggiornato   
FX:CHFJPY   Franco svizzero / Yen giapponese
CHFJPY has formed a significant bearish engulfing on the weekly timeframe. Strong Bollinger Band outbreak also confirms this setup. SL set above previous highs, TP at the strong support level as marked.
Commento:
idea still valid. Price pulled back. RSI divergence
Commento:
Currently +297 pips in profit
Commento:
Dropping very quickly.
Commento:
I will continue to hold as there is a significant bearish engulfing candlestick on the weekly www.tradingview.com/x/xSXb0v8q/eframe.
Commento:
Commento:
Still holding my short position. Head & Shoulders pattern is forming on the daily time frame.
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