Swiss Franc / Japanese Yen
Long
Updated

CHFJPY Pullback to previous resistance, broken triangle.

Broken triangle and previous resistance makes for a good area to place a long position. We target the 0.618 retracement level of the large downtrend.
Trade active
Decent pullback, activate trade with a wider stop and smaller lot size. Aim for .618 level!
Trade closed: stop reached
Hit stop loss, trade closed.

Disclaimer