Trade Reference Number: 4405
DO NOT ENTER UNTIL CONFIRMATIONS HAVE BEEN MET!
We are awaiting confirmation before entry on CHFJPY, firstly we will wait for price to enter our safe zone level 108.956 - 109.337 (highlighted purple). Once a 4 hour candle has gone into our safe zone we will now wait for our first confirmation which will be for candle to retrace back down and close below 108.956 once we have this confirmation we can make our short entry.
Once entered we will have a two step take profit to break-even structure placed for the trade. Our take profit 1 will be positioned at 108.144 (0.76%) once hit we will have half the position closed out and remainder running with stop loss at break-even and take profit 2 at 107.391. Completion of full trade will net you 1.44%.
NOTE OF INVALIDATION:
Do not enter trade if you see ANY 4 hour candle close above the safe zone limit 109.337
DO NOT ENTER UNTIL CONFIRMATIONS HAVE BEEN MET!
We are awaiting confirmation before entry on CHFJPY, firstly we will wait for price to enter our safe zone level 108.956 - 109.337 (highlighted purple). Once a 4 hour candle has gone into our safe zone we will now wait for our first confirmation which will be for candle to retrace back down and close below 108.956 once we have this confirmation we can make our short entry.
Once entered we will have a two step take profit to break-even structure placed for the trade. Our take profit 1 will be positioned at 108.144 (0.76%) once hit we will have half the position closed out and remainder running with stop loss at break-even and take profit 2 at 107.391. Completion of full trade will net you 1.44%.
NOTE OF INVALIDATION:
Do not enter trade if you see ANY 4 hour candle close above the safe zone limit 109.337