Possible CHF/JPY Short Position !!

21 nov. 2018

SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY

Chart time frame - H4
Timeframe - 3-4 Days
Actions on -
A – Activating Event
Currency Pair creating a Double Top . Currency pair will move south to the @112.550 level.
B – Beliefs
Market will be rejected at @113.850 level and move towards the first Target 1 level @ 112.550 level.


CHFJPY

Trade Management
Entered @ Still waiting for confirmation. Will wait until the High Importance news report comes out for the CPI JPY
Stop Loss @ 114.150
Target 1 @112.550

Risk/Reward @ 3:1

Happy trading. Will let you know closer to the time if or when executed:)


Follow your Trading plan, remain disciplined and keep learning !!

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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!

22 nov. 2018

Note

No effect from the CPI news report as of yet

22 nov. 2018

Transaction en cours

Entered trade @ 113.62. Stop loss & Target no change

23 nov. 2018

Note

Trailing stop position changed to entry level. Trade working out well and going as predicted :)
It all works out if you follow your trading plan!!!

25 nov. 2018

Note

Trailing stop moved

26 nov. 2018

Trade fermée: ordre d’arrêt atteint