CHFJPY - Haven currencies fighting it out
-41 week horizontal range
-Concise double top
-Breakout on the 7th
-Was met with a retest of prior range into the weekly close (the fact that price was not able to close back within pattern is positive)
Looking to establish a position of 120 basis points split into 2 tranches
-Concise double top
-Breakout on the 7th
-Was met with a retest of prior range into the weekly close (the fact that price was not able to close back within pattern is positive)
Looking to establish a position of 120 basis points split into 2 tranches
Commento:
Stop sell order in
Commento:
Dialled back planned exposure to a total of 80 basis points due to the price trading either side of the range
Commento:
Not pursuing this trade. I don't like how the price action didn't respect the boundary