CHFJPY, 4hr tf, sell on breakout of triangle pattern
Hello my friends,
Today is friday and we are going to trade lightly today.
I found a good setup on CHFJPY pairs.
This pair recently broken below the support of a triangle pattern which has formed since September till November.
Yesterday it finally close below it and i think today is a retest of this broken support.
We could expect downside to next support at 113.15
Sell CHFJPY 104.05
Stop loss 104.35
Take profit 103.20 (2.8R)
RR ratio 1 : 2.8
Use only 1-2% risk
Good luck
Today is friday and we are going to trade lightly today.
I found a good setup on CHFJPY pairs.
This pair recently broken below the support of a triangle pattern which has formed since September till November.
Yesterday it finally close below it and i think today is a retest of this broken support.
We could expect downside to next support at 113.15
Sell CHFJPY 104.05
Stop loss 104.35
Take profit 103.20 (2.8R)
RR ratio 1 : 2.8
Use only 1-2% risk
Good luck
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