CHFJPY - Bearish shark to sell at 105.57

Hey guys, I am watching CHFJPY.

105.57- 105.62 is the zone I will be interested to go short on a bearish shark pattern.

I will monitor RSI for divergence/overbought before I execute my short.

EP: 105.57
SL: 105.90 (33)
TP: 104.40 (117)

Potentially a 1:3 risk to reward trade.

Will notify when I go in.

Do not use a pending order!

Comment:

Price is very close to our entry zone.

Will wait for a break above and close below this zone before I go short.

Looking at how bullish USDJPY is, I will be more careful on this.

Do not enter with a pending order.

Trade active:

Saw a nice rejection of the PRZ. Just went short.

SL 105.90
TP Open for now

Comment:

Went in short at 105.43.

Comment:

Up 40 pips and running. Did you guys get in too?

Comment:

Updated my TP to 104.70.

Comment:

Updated my SL to ensure a risk free breakeven trade.

Shifted my SL to 105.43.

Trade closed manually:

Squared off my shorts at 104.10. Pocket around 30 pips.

Comment:

Hey guys, for those of you who are interested how I trade, I prepared a report on how I will trade in Week 42.

Download report by clicking link below, no signups/login required.

www.harmonicforex.co...arket-outlook-report