CHFJPY 24 FEB 2023

As per Dow Theory this setup seems to form new Lower Lows on 4hrs frame. Strategy would be Short on strength on Lower time frames

BASIC DOW Theory
Series of Lower Highs and Lower Lows
Time Frame 4 Hours

Trade Plan
SHORT CALL
Entry Price : 144.109
Stop Loss : 148.760
Take Profit1 : 139.569
Take Profit2 : 135.172

( Lot Size 0.03 as per Capital of USD 10000 1% Risk)