🔥 MODIFICATION: CHFJPY 🔥 POSITION TRADE 🔥

Being that Price Action (PA) continues to go long, please manage your trades as we take the risk of shorting it from here.

SSO1 @ 158.50 ⏳
SSO2 @ 152.60 ⏳
TP1 @ 141.33 (shaving 25%)
TP2 @ 131.85 (shaving 25%)
TP3 @ 124.90 (shaving 25%)
TP4 @ 114.15 (closing ALL Sell Orders)
BLO1 @ 111.55 ⏳
BLO2 @ 105.25 ⏳

WE ARE A COMMUNITY
BOOST a trade idea to share with others and "pay it forward"
FOLLOW to receive alerts of any new posted ideas
COMMENT with questions, insight, and expertise
JOIN our group chat: receive free analyses on any instrument

Yorum:

🔥MODIFIED: CHFJPY 🔥POSITION TRADE🔥

Now that PA has shown some DT promise, I've adjusted my coordinates to the follow:

SSO1 @ 157.33 ⏳
SSO2 @ 148.79 ⏳
TP1 @ 132.53 (shaving 25%)
TP2 @ 118.87 (shaving 25%)
TP3 @ 108.81 (shaving 25%)
TP4 @ 93.27 (closing ALL Sell Orders)
BLO1 @ 89.53 ⏳
BLO2 @ 80.46 ⏳

Yorum:

Unfortunately, when we trade an instrument's all-time high, we risk being stopped out at the pivot (whether high or low).

I'll return with an updated Curve Analysis once we confirm another selling opportunity. Because I'm DEFINITELY NOT trying to miss this drop.