CHF/JPY | Potential Downward Movement
💡 Trade Idea
📉 Sell Limit CHF/JPY @ 117.07
🎯 Target Profit 116.12
🛑 Stop Loss 117.29
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was trading within a bullish channel and managed to breakout from the lower side. The market has posted a correction and could not surpass the 38.20% Fibonacci retracement indicating a potential reversal with an expectation of a downward movement to the 116.12 mark.
📉 Sell Limit CHF/JPY @ 117.07
🎯 Target Profit 116.12
🛑 Stop Loss 117.29
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was trading within a bullish channel and managed to breakout from the lower side. The market has posted a correction and could not surpass the 38.20% Fibonacci retracement indicating a potential reversal with an expectation of a downward movement to the 116.12 mark.
