CHFJPY: Curve Analysis (2H)

-SL @ 165.90 🚫
SLO2 @ 165.75 ⏳
SLO1 @ 165.50 ⏳
SSO @ 165.10⏳ ⚠️
TP1 @ 164.75
TP2 @ 164.40
TP3 @ 164.00
SUPPORT @ 163.85

✍️ Based on the Curve Analysis on the 2H from 163.49 up to 165.87, PA appears to be in a downtrend

📉 If PA opens/closes below 164.95, we should anticipate PA to continue the DT

⚠️ The above SSO is aggressive

📈 However, if PA continues to PB to the upside then we'll wait for price to come up to our Sell Orders

🔑
DT = DOWNTREND
PA = PRICE ACTION
PB = PULLBACK

Trade closed: target reached:

TP1 reached for +35 pip gain

+SL was modified to 165.00, but PA retraced hard to the upside and triggered it for another +10 pip profit

Gross Equity @ +45 pips