Sunday, 4 September 2011

CHF/JPY Analysis


The daily timeframe is currently showing one of my favourite setups. Nice bearish pinbar, clear rejection of support and with the current trend which is down! Also a bounce off the 38.2 retracement of the 9th Aug high. Short order placed as per below:

STOP: 9882
ENTRY: 9792
LIMIT: 9612

RISK/REWARD: 2/1

1 comment:

  1. Limit hit for 180pips. Was obviously too less lol. There was the potential to bag 700pips here but the way it fell was scary

    ReplyDelete