justagirllearningtotrade

CHFJPY CORRECTION SETUP

Short
FX:CHFJPY   Swiss Franc / Japanese Yen
Looking at this pair for a short for roughly +400 pips.

Price has hit a D extension on a higher timeframe and has been in an uptrend since March.

Looking at structure, there is a level of untested support around 118.5X to 119.00.

On the 15 minute, I received confirmation for the sell and entered a small position.
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.