Rational:CHF/JPY Weekly: almost bearish engulfing bar. 84 looks like a key level. Weekly trend remains down.Daily: Bearish Engulfing Outside Bar at key level. Daily TL broken. Recent move up looks corrective rather than impulsive.1st Target 80.70, 2nd Target 78.85, and maybe on to previous weekly low.I plan to trade a break of the daily bar, or I will take an H4 setup if I find something I like forming before a break of the daily bar.I didn't have much time to trade last week, and missed lots of moves, but soon I'll be back to this with a lost more focus. The Cable correction I spoke about last week wasn't as large as expected, but upside continuation did materialise as I suggested, so I am happy, I read it right more or less. However, GBP/CHF turned into a mess. The triangle I had highlighted became quite weak, as it's breakout level wasn't respected. A setup materialised on Friday, but there's too much over head res for now, and I got out at BE.I have a short open on eur/jpy at 112.20, target is 110.70 - I'll try and post the setup later.Good trading to you all :)
Comments
Feel free to crit my setups btw, as sanity checks are most welcome. That goes for everyone by the way :)
you should get 110.7 on spike as good support @ 111 level