Trade Reference Number: 4407
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 retest area 109.533 - 109.440 (highlighted orange). Once a 1 hour candle has gone into our safe zone we will now wait for our first confirmation which will be for candle to retrace back up from retest zone and close above 109.533 once we have this confirmation we can make our long 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 109.929 (0.45%) once hit we will have half the position closed out and remainder running with stop loss at break-even and take profit 2 at 110.370. Completion of full trade will net you 0.85%.
NOTE OF INVALIDATION:
Do not enter trade if you see ANY 1 hour candle close below the retest zone 109.440
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 retest area 109.533 - 109.440 (highlighted orange). Once a 1 hour candle has gone into our safe zone we will now wait for our first confirmation which will be for candle to retrace back up from retest zone and close above 109.533 once we have this confirmation we can make our long 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 109.929 (0.45%) once hit we will have half the position closed out and remainder running with stop loss at break-even and take profit 2 at 110.370. Completion of full trade will net you 0.85%.
NOTE OF INVALIDATION:
Do not enter trade if you see ANY 1 hour candle close below the retest zone 109.440