CHFJPY
The pair is forming this XABCD Pattern ( I am a beginner may be its not correct but as the basics of technical analysis i think the formula is correct ) so the pair is near to a daily up trend and MACD + RSI will cross to up trend and the 200 EMA is down the bars so testing the trend that is also near to 50 % Fibo it will turnd up to complete the pattern .
Check List for Entry
Check List: -
1- Trend Condition (Near to test the daily up trend)
2- MACD + RSI Condition (going to cross to an up trend)
3- EMA 100 , MA 200 Simple Condition (will be a confirmation to the trend and the trade )
Sell trade 110.7
SL 1110.10
TP 1: 112.00
TP 2: 114.00
TP 3: 117.00
Check List for Entry
Check List: -
1- Trend Condition (Near to test the daily up trend)
2- MACD + RSI Condition (going to cross to an up trend)
3- EMA 100 , MA 200 Simple Condition (will be a confirmation to the trend and the trade )
Sell trade 110.7
SL 1110.10
TP 1: 112.00
TP 2: 114.00
TP 3: 117.00
Note
Going back to the up trend for test if closed above we will wait for confirmation to go long .Note
Trade closed: stop reached
SL REACHED WITH ONLY 1 PIP MAY BE OTHER PLATFORMS OR OTHER BROKERS WOULDNT HAVE CLOSED THE TRADE BUT TP 1 DONE AND GOING FOR TP 2
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