CHF/JPY 1D SHORT - 200EMA target
Dear All,
This idea is based on few key indicators of the price overheat and early signs of reversal- 200daily EMA hasn't been in contact for a long long time, RSI overbought also the divergency as can be seen.
I have estimated the profit to loss ratio at 1:5 lets see if I'm right, you're welcome to copy at your own risk as this idea is just an idea and I do not advise only share my thoughts!
Also do not forget to risk only as much as you're able to loose otherwise it can hurt, hence s/l and close your position manage your finance wisely :)
This idea is based on few key indicators of the price overheat and early signs of reversal- 200daily EMA hasn't been in contact for a long long time, RSI overbought also the divergency as can be seen.
I have estimated the profit to loss ratio at 1:5 lets see if I'm right, you're welcome to copy at your own risk as this idea is just an idea and I do not advise only share my thoughts!
Also do not forget to risk only as much as you're able to loose otherwise it can hurt, hence s/l and close your position manage your finance wisely :)
Trade active
Trade closed: target reached
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