CHFJPY, 4hr tf, sell on breakout of triangle pattern

2020年11月20日

Hello my friends,

Today is friday and we are going to trade lightly today.

I found a good setup on CHFJPY pairs.
This pair recently broken below the support of a triangle pattern which has formed since September till November.
Yesterday it finally close below it and i think today is a retest of this broken support.

We could expect downside to next support at 113.15

Sell CHFJPY 104.05
Stop loss 104.35
Take profit 103.20 (2.8R)

RR ratio 1 : 2.8
Use only 1-2% risk
Good luck