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HayatoDragonFX

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

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Schweizisk franc/Japanska yen (FX:CHFJPY)  
HayatoDragonFX  
FX:CHFJPY   Schweizisk franc/Japanska yen
Support and Resistance Supply and Demand Chart Patterns CHFJPY chfjpyshort chfjpysell chfjpysetup priceaction priceactiontrading priceactionanalysis
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supportandresistance supplyanddemand chartpattern chfjpy chfjpyshort chfjpysell chfjpysetup priceaction priceactiontrading priceactionanalysis
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

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