CHFJPY Bearish
Updated
With the uncertainty in EU while the French election is still ongoing, and JPY stronger lately for being a safe haven, there's more likelihood that this pair will continue being bearish. Setting up a sell limit order (or manually open a market order, depends) a few pips below S1 pivot line, with TP at S3 and SL above S1.
econotimes.com/FxWirePro-CHF-JPY-trade-idea-638124
D:
W:
Confidence: B (if USDJPY becomes bullish again soon, or if there's any new update regarding EU in relation to Brexit or the French elections, with EUR and CHF showing signs of recovery, then this pair might reverse soon)
econotimes.com/FxWirePro-CHF-JPY-trade-idea-638124
D:
W:
Confidence: B (if USDJPY becomes bullish again soon, or if there's any new update regarding EU in relation to Brexit or the French elections, with EUR and CHF showing signs of recovery, then this pair might reverse soon)
Note
Manually closed this trade because of this risk:dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2017/04/12/Yen-May-Erase-Gains-if-Russia-US-Find-Common-Ground.html?DFXfeeds=forex:fundamental:daily_briefing:session_briefing:euro_open
Planning to resume trading this idea once a bearish confirmation candle appears.
Trade closed manually
Slight profit :)
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