Trade idea for CHF/JPY

When we look at the chart we can see that the price has been testing the resistance area in the daily chart . We see that the price isn't able to go above it for now so we could risk the trade.
The risk reward is very good but I think that this is a trade that will take a while to hit the tp.
When the tp1 is hit you should move the stop loss to break even level.

Please let me know in the comments what you think of it and share your idea for this pair also.
If you like the idea, don't forget to give it a like then.

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Bình luận:

Looking to move SL to breakeven when the market is about to close so that we don't lose anything over the weekend.
Trade still looks good but it could take a while before it reaches the TP levels.
If you don't like the weekend swaps you can close it but I think that it would be worth it.

Bình luận:

Trade closed because of the trail stop that was put at 25 pips.
Overall happy with the trade and made about 1,74% on it.

Bình luận:

To make it clear the trade that I closed above here was just a trade that I took on a smaller timeframe with the same intentions as the other trade. So the main trade that is in this analysis is still running with SL at breakeven now because of the bit volatility.
This trade could take weeks or even more than a month before we get a hit of the main profit target.

Bình luận:

Trade got closed at breakeven but I hope that you also saw the rejection of the candle that went above the resistance zone.
I went back into the trade when we got that big wick out of the resistance zone. Trade running good now and going to keep it open for now. Stop loss level and Take profit are still the same as we got before.

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