CHFJPY 240 Short – retesting major resistance, tweezer top

4 Ara 2019

We’ve had a brief 4H UT since 24 Nov 2019. Right now it is retesting a major resistance level and has formed a tweezer top. I’ll be looking for a break downward in the RSI across its trendline for a possible short entry.

9 Ara 2019

Not

I never did get into this trade. And if I had used it exactly as show, it probably would have gotten stopped out with the SL being just a LEEETLE too tight where it retests the top of the tweezer top. But in overview the analysis looks sound.

At this point, I would move the SL to BE.