CHFJPY SHORT RE ENTRY

Previously analysed entered trade at the key resistance area which is indicated again, we entered the trade last time coming to first tp where we met with heavy support and retraced which then knocked us out at entry point SL.

Re Entry fast approaching looking like another potential set up is coming.

- Coming up to major resistance line
- Will be close to overbought on RSI at that point
- Price currently above moving average
- Bulls remain in power at the moment
- Price alert is active for resistance line wait for confirmation then enter trade
- bullish uptrend could see a higher adding to an indication of a sell

SL 49.8pips
Overall Target - 250.5
R/R - 5.03

All indications must be met before we enter the trade and confirmations must be met on pivot point.