Potential Short Opportunity for CHFJPY

22 thg 4, 2020

The pair is currently ranging on a descending channel. It has recently touched the top of the channel and it seems to be moving towards the bottom now. Thus, my plan for this pair will be for it to break the minor support level (pink horizontal line) before i enter a short position on this pair. This trade gives us a good risk-reward ratio.

Notes: more aggressive traders can look to enter half their lot size now.