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UnknownUnicorn493766

12MAR18 SHORT ON THE 4HR, IN LINE WITH THE 4HR TREND

Short
Franco svizzero / Yen giapponese (FX_IDC:CHFJPY)  
UnknownUnicorn493766 Aggiornato   
FX_IDC:CHFJPY   Franco svizzero / Yen giapponese
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern
The chart outlines S/R levels I see. I have the trade entries, TP and stops as shown by the SHORT entry boxes.
OPTION 1 achievable
OPTION 2 doable
OPTION 3 Major shift in sentiment has occurred.
Trade chiuso: stop raggiunto:
50 EMA looks like it will now act as dynamic support. I don't like trading through EMA's. So we maybe seeing the sentiment shift on the lower timeframes and this will translate to possible LONG entries on the daily.
Commento:
SO THE REALISTIC LEVEL FOR TAKE PROFIT WOULD HAVE WORKED OUT IF I PLACED MY STOP ABOVE THE OBVIOUS SWING HIGH 113.500 ( ROUND NUMBER ).
SO OVER ALL THE TRADE DIDN'T WORK OUT, EVERYONE CAN SEE THIS.

THE DIRECTION OF THE TRADE WAS CORRECT AND I WAS CLOSE TO GETTING THE SET UP CORRECT, SO I TAKE SOME POSITIVE AWAY FROM THIS ONE AS WELL AS THE LESSON OF PRACTICING WHERE MY LEVELS ARE PLACED:-

LOOKING AT WHAT THE CHARTS TELLING ME AND NOT LOOKING FOR A LEVEL THATS NOT THERE.
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