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CHFJPY BREAKOUT TRADE
Swiss Franc / Japanese Yen
CHFJPY BREAKOUT TRADE
By ViorelBadin
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Oct 18, 2016
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Oct 18, 2016
PRICE IS FINISHING THE CONSOLIDATION PERIOD. EXPECT A BREAKOUT.
ON THE CHART ATR LEVEL OF 1.4113 AND BEYOND THAT IS CONSIDERED AS HIGH VOLATILITY FOR THIS CURRENCY PAIR.
FOR BUY:
ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL; CONFIRMATION SHOULD BE A BREAK OF THE 106.326 FIB LEVEL.
FOR SELL:
ENTER TRADE ENTER TRADE ABOVE 1.4113 VOLATILITY LEVEL.
IN ORDER TO AVOID FALSE BREAKOUTS, ENTER TRADE AT 50 PIPS ABOVE OR BELOW THE PRICE LEVEL.
STOP LOSS 100 PIPS
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