Roker1

Double Top with Break of Structure!

Short
FX:CHFJPY   Swiss Franc / Japanese Yen
Hey guys,
the chart above is the 1hr chart on CHFJPY and i'm interested in shorting this pair since we're in a very high level and at a structure point. This means i can look for entry reasons on lower timeframes such as 1hr and 4hr chart. As you can see price has recently formed two tops followed by a break of structure to the downside, this gives us the condition for a 2618 trade. With stops above the highs, first target at the lows, second target to be determined.

If you want to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw

Comments

so the firs target reached... well done .. what is the second ?
+1 Reply
Roker1 Xgeorgicek
@Xgeorgicek, unfortunately price didn't trigger my orders so i'm not in this trade,however i would have considered 112,50 as a good level for my second position
Reply
@Roker1, Hi I triggered my entry so I was in at 0.618 and than today again at fab 0.618 at the second retracement , thank you very much for an Idea .. I owe you one :)
+1 Reply
Roker1 Xgeorgicek
@Xgeorgicek, very glad to hear that! Enjoy your profit!
Reply
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