Short CHFJPY analysis and stop trade entry
Previous ongoing analysis: 1D DT since 21 Sept 18, but possible HL at 8 May 19.
5/30/19 7:29 am Eastern: IN-SYSTEM short stop trade due to short reflection of RSI 50.
*Also TP @ 161.8 at retest of previous HL 8 May 19.
*Also 3-touch falling SR trendline.
=>Set stop short entry at 100% Fib at 3-touch SR 108.400. Trade invalid if RSI reflection fails.
5/30/19 7:29 am Eastern: IN-SYSTEM short stop trade due to short reflection of RSI 50.
*Also TP @ 161.8 at retest of previous HL 8 May 19.
*Also 3-touch falling SR trendline.
=>Set stop short entry at 100% Fib at 3-touch SR 108.400. Trade invalid if RSI reflection fails.
Note
Short stop entry entered for 108.400Trade closed: stop reached
Looks like the TP was a bit too generous.
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