In this video, we look at today’s FOREX Trade of the Day: Sell CHF/JPY.
Sell: 113.46
Buy: 113.08
Notional Profit: +38 pips
Our Entry Sell level was the 23.6% retracement of the range between the 2013 High and the 2014 Low.
Our Exit Buy level was the 76.4% retracement of the range between the August Low through the September High.
We also examine Daily, Weekly, and Monthly charts to identify further downside targets.
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