Feeling Short for CHFJPY

Why did I enter?
Price is currently in a resistance zone with a new low which was reached on the 4 hour time frame. On the 1 hour my stochastic rsi is at an “over bought” level. That indicates to me that price will fall soon. How far? Maybe at least 50% of the previous trend! I see two parabolic sars on the 30 min which is on top of my candles along with an “over bought” indication on my rsi for that time frame as well. This will be a swing trade just like EURCAD so don’t let the trade scare you unless it hits your stop loss or mental stop loss if you don’t put in an order. Good luck!


🏀Tips🏀

*Use proper risk management. Past profits does not guarantee future success!
*Don’t be greedy! Leave at least $10-$15 Free Margin so you won’t get kicked before your trade hits Stop Loss.
*Take advantage of twin trading!
*Trail your stop loss once you get 20 pips on profit!
*Be patient. Your trade will go red and blue. Trust in your markup.

*You won’t win every trade but continue to learn!