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Swing: Bearish view on CHFJPY (15/04/19)

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Price is currently in range bound as we look to trade within the range of 111.80 to 110.25. EMA 200 is acting as a resistance level with price now trading at previous support turned resistance zone. The recent 2 bullish candle taking the volume into consideration might suggest that price is not as bullish as it seems. We are looking for a short trade so long as 113 level is not broken.

Trade Set-up

EP: 111.88
SL: 113.30
TP: 110.25

Best Regards,
Nour Capital - Tracking Smart Money Flow

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The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Did not triggered EP but price has hit our pre-determined TP.