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MissCha

GBPJPY 17/4/19 Trade - BUY

Long
Swiss Franc / Japanese Yen (FX:CHFJPY)  
MissCha Updated   
FX:CHFJPY   Swiss Franc / Japanese Yen
Trend Analysis GBPJPY ichimokukinkohyo chikouspan
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trendanalysis gbpjpy ichimokukinkohyo chikouspan
snapshot

GBPJPY

Looking for buy on support setup after trendline breakout on H4 TF

Target profit: 140p
Target Loss: 49p
Comment:
CHFJPY not GBPJPY. Wrong pair tag.

snapshot

Postmortem 23/4/19

1 - Follow my strategy rules - Buy AFTER bullish BREAKOUT at 1st attempt - S1.

2 - CHFJPY was on a H4 sideway trend & the trading setup was in the middle of the sideway trend where price just recently tested the upper channel. Tendency price to test lower channel is possible

3 - Price at H4 is within red ichimoku cloud indicating price cold move lower.

4 - Price did react at that lvl up to the nearest H4 resistance = 15p before moving towards the lower sideway channel and breaking it indicating further bearish movement
Comment:
Never smaller as setup is in the middle of trend
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