Great long term short on 
CHFJPY
Price is breaking the 200-EMA counter-trend and showing a bearish divergence on the MFI.
CHFJPYPrice is breaking the 200-EMA counter-trend and showing a bearish divergence on the MFI.
Note
Just an update, this trade is working out beautifully. The break from the counter-trend continued to move down. Price is currently hovering around a key level, I believe it can break-down through it this thing should continue on with the long-term trend as shown by the 200-EMA. We'll see.Trade closed manually
Closed Manually with a pretty impressive profit of over 60 pips from where I initially took entry. I'll admit this thing moved slow though. I got out once the price moved back over a key level that I have on the 1-hour chart. Feeling great about this one.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.