CHFJPY SHORT ON BREAK OF S/R ZONE
Updated
CHFJPY IS CURRENTLY AT A S/R LEVEL. ASSUMING SWISS FRANC CONTINUES ITS PURGE LOWER EITHER AT A FASTER RATE THAN THE YEN IS, OR IF THE RECENT YEN BOUNCE SENDS THAT CURRENCY HIGHER, WE'RE PLAYING A SHORT ON A BREAK OF THE 111 HANDLE. THERE IS A TREND LINE NEAR THAT AREA, SO ASSUMING IT HAS ENOUGH POWER TO BREAK IT, WE ARE TARGETING 110.55. STOP IS ABOVE THE UPPER TRENDLINE AT 111.90.
Trade closed manually
Got close but didn't hit. Closed manually.
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