First Entry was at 123.34 Second Entry is pending order at 123.15 Stop is at 122.83 Target is at 123.83
I have 5 reasons to buy CHFJPY for a daytrade.
1. Currency Strength Meter CHF is strong JPY is Week 2. Trendline Support 3. Support Zone Intraday 4. Market Profile from yesterday 5. Bullish Divergence Signal
The Rules: If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.
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