A Second Chance to Sell in CHFJPY …

A Second Chance to Sell in CHFJPY …


New trading suggestion:
There is possibility of temporary retracement to suggested resistance line (110.30), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Midterm forecast:
While the level 110.30 is not broken, the Midterm wave will be downtrend.
Price may also reach 110.30, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies.
We will close our open trades, if the Midterm level 110.30 is broken.

Trade Setup:
We opened 9 SELL trade(s) @ 115.75 (day close price) based on ‘Two-day reversal candle ( 2-day Shooting Star )’ at 02.09.2018 signaled by our “Daily Trading Opportunity”.

Total Profit: 5240pip
Closed trade(s): 1130 pip Profit
Open trade(s): 4110 pip Profit

Closed Profit:
TP1 @ 113.40 touched at 02.28.2018 with 235 pip Profit.
TP2 @ 112.25 touched at 03.07.2018 with 350 pip Profit.
TP3 @ 110.30 touched at 04.20.2018 with 545 pip Profit.
235 + 350 + 545 = 1130

Open Profit:
Profit for one trade is 115.75(open price) – 108.90(current price) = 685 pip
6 trade(s) still open, therefore total profit for open trade(s) is 685 x 6 = 4110 pip

Take Profits:
TP4= @ 108.35
TP5= @ 105.90
TP6= @ 104.15
TP7= @ 101.80
TP8= @ 100.00
TP9= @ Free