CHFJPY Short Trade Idea

6 Haz 2022

A 'sell' opportunity has presented itself on the swissy-yen trading chart. This follows from the bearish engulfing candlestick pattern just below the 136.210 horizontal resistance level, indicating a rejection of the same level. You can still enter this trade by placing your stop slightly above the said level and setting targets below the level, ensuring a reward-to-risk ratio of 3 or higher.

Happy trading!