CHFJPY: Wait For A Pullback At 172.5

2023년 11월 25일

As the price is approaching Fib level 0.786 (172.498), it will retrace to some degree, so we could prepare to short. In the past, price reacted at 0.382 (154.474), 0.5 (159.739) and 0.618 (165.003).
Limit Price: 165.0 (-7.5). Stop Price (+1 ATR): 177.1 (+4.6). Reward/Risk: 7.5/4.6 = 1.6.