CHFJPY has been on a recent uptrend and completed a bullish Gartley. There is an RSI bullish divergence seen on H1 timeframe. Upon confirmation of the bullish bias, I will go long. The take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. Stop loss has the same number of pips as TP1. Trade details are as follows:
Trade Setup: Bullish Gartley
Price Entry 113.332
SL 112.922 | SL pips 41.0
TP2 113.995 | TP2 pips 66.3
RRR2 1.62
Trade Setup: Bullish Gartley
Price Entry 113.332
SL 112.922 | SL pips 41.0
TP2 113.995 | TP2 pips 66.3
RRR2 1.62
Order cancelled:
New swing low. (December 5)