CHFJPY Long (short-term)

2 août 2018

Ideally should have entered @112.12 but missed the boat (like in NZD earlier), but playing catch up now in case price jumps to its current resistance at 113. Setting up a buy stop order with TP @112.983 (few pips below 113) and SL @112.087. Must monitor closely because price might only reach 112.367 (38.2 fib line) before reversing down by this week's close.

Daily:


Weekly:



Confidence: C (though aligned with current sentiment in COT esp with bearish JPY and bullish rising USD, looking at the weekly chart and price action-wise, it's a risky trade esp since we're about to wrap things up by tomorrow and has to also close this trade before US NFP news)

3 août 2018

Trade fermée manuellement

Closed manually before NFP news. Will re-enter again later or next week.