Stop: 116.368
Profit: 115.616
Entry price:116.072
There is a possible sell coming for the CHJPY.
Reasons for taking the trade.
- New York Session was able to break the Asian Session& London session; that shows power of the break.
- The market should struggle retracing to the overall break of the two sessions.
- Should have a high volume when the reversal happens at the overall break of the sessions.
- Lets wait and see if the market will play out as anticipated.
OUTCOME (updated on 7th Aug 2020
Senior Trader and Mentor at Myforex Global Investments Ltd
Paul Mukara is a professional and and senior trader at MyForexGlobal.com. My main mission is helping aspiring forex traders develop a trading strategy that works for them. I havegone all the phases of a successful trader and through all the hardships to reach every next phase. I believe I can as well help the communitywith the knowledge and experiencethat I have gathered for the last 5 years I have been trading. Let us step up the game this year. CHEERS!!!!?
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