CHFJPY - Bearish Engulfing

17 jul 2017

CHFJPY has formed a significant bearish engulfing on the weekly timeframe. Strong Bollinger Band outbreak also confirms this setup. SL set above previous highs, TP at the strong support level as marked.

25 jul 2017

Nota

idea still valid. Price pulled back. RSI divergence

29 jul 2017

Nota

Currently +297 pips in profit

30 jul 2017

Nota

Dropping very quickly.

30 jul 2017

Nota

I will continue to hold as there is a significant bearish engulfing candlestick on the weekly https://timhttps://www.tradingview.com/x/xSXb0v8q/eframe.

30 jul 2017

Nota

6 sept 2017

Nota

Still holding my short position. Head & Shoulders pattern is forming on the daily time frame.