Update on CHFJPY

in forex •  4 months ago

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So I have put out a FIB retracement on the chart for you guys to look at, and I want you guys to look at something I found very interesting. You see the green area where the gray line is dissecting the FIB chart. This is going to be a very important area. Mainly because this area may be where we have a reversal and we can place a take profit. Now from now on Im going to try something new. When we reach that area, instead of taking profit at 80-100$. We are going to place a Trailing Stop Loss. The reason why I will be doing that is too potentially grab anymore profits if the pair decides to the light green or yellow area. Although unlikely, I want to be ready for it!

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