CHFJPY looking like it's about to breakout of the downtrend.

FX:CHFJPY   Swiss Franc / Japanese Yen
5974 12 179
CHFJPY             is in a downtrend , looks like it is about to breakout of the trend. Hope you have a tested strategy to trade this up move if it starts.

Trade with care.
thanks for your support.
Training : add to skype mangal457
LOL !!
if you know how to take these trades right its like your putting money in our hands.
CHF is Over Valued. BOJ Conference is June 15 & I expect JPY fall. ill certainly be looking at this pair based on BOJ Conference
You mean CHFJPY you expect it to fall?
D-Rod LuisRiescoLorenzo
I just said JPY 2 fall. JPY economics news has been good lately but I'm still leaning towards the BOJ conference to be bad. Kuroda's has yet 2 talk about this interest rate plan & possible QE or stimulus plan 2 boost the Japanese economy soo i expect it 2 be mentioned here.
+1 Reply
What did they say?
Do you know the fundamentals behind this? I'm sincere in my question as I do not know. I look at higher time frames and Historically on the WK this type of channel continues down below the 200 and 250 moving averages However, the player to change precedence would be a fundamental for which I am unfamiliar. I appreciate your helpful charts. Always. Respect!
+1 Reply
anilmangal dead2live
If and when it breaks we will know the fundamental behind it I am in silver buys and still don't know the fundamentals behind it. You might never know it unless you are one of the top 1% in the world.
+3 Reply
Wait for a consolidation after the breakout ?
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