CHFJPY has been respecting this uptrend for multiple months, showing us the bulls are in control. As of yet there is no trade until it comes into the pink box region, meeting the 78.6 fib and dynamic support. This is the optimal entry point for us, for maximum risk to reward. If correct this trade will be 500 pip again against a 50 pip Stop loss (10/1). Remember to take partial profits at the 0%, -20.00% and our final target -68.1%.
Order cancelled
UPDATED ENTRY LEVEL ABOVETrade closed: target reached
300 pips gained
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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.