CHFJPY: Wait For A Pullback At 172.5

As the price is approaching Fib level 0.786 (172.498), it will retrace to some degree, so we could prepare to short. In the past, price reacted at 0.382 (154.474), 0.5 (159.739) and 0.618 (165.003).
Limit Price: 165.0 (-7.5). Stop Price (+1 ATR): 177.1 (+4.6). Reward/Risk: 7.5/4.6 = 1.6.

Fibonacci

Public Indicators: tinyurl.com/26emm5e2
License and Disclaimer: tinyurl.com/4rtrwhfd
Juga pada:

Penafian