CHFJPY-H4 Potential The Three Hills and A Mountain
CHFJPY-H4 - Potential The "Three Hills and A Mountain"
Trade: The first trade occurs on the close below the trend line. The second trade occurs after
completion of a 62% retracement to the downside-"AB." The second trade is a "long" trade
from "C."
Target: The first trade target (Short) is 62% of prior swing length-"AB." The second trade
target is from the "C" level, which is 100% to 127% of "AB" to the upside.
Stop: Place the "first trade" stop above the "B" level and the "second trade" stop below the
"C" level.
Trade: The first trade occurs on the close below the trend line. The second trade occurs after
completion of a 62% retracement to the downside-"AB." The second trade is a "long" trade
from "C."
Target: The first trade target (Short) is 62% of prior swing length-"AB." The second trade
target is from the "C" level, which is 100% to 127% of "AB" to the upside.
Stop: Place the "first trade" stop above the "B" level and the "second trade" stop below the
"C" level.
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