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anilmangal
Jun 9, 2016 7:09 PM

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

Swiss Franc/Japanese YenFXCM

Description

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.

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Comments
BOBThetrader
appreciate it thanks anil.Please give us some insight about usdjpy.will be realy helpful
dead2live
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!
anilmangal
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.
Wave-Expert
LOL !!
Y.Boulfiham
if you know how to take these trades right its like your putting money in our hands.
D-Styles
CHF is Over Valued. BOJ Conference is June 15 & I expect JPY fall.
ill certainly be looking at this pair based on BOJ Conference
LuisRiescoLorenzo
You mean CHFJPY you expect it to fall?
D-Styles
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.
LuisRiescoLorenzo
What did they say?
ohkrax
Wait for a consolidation after the breakout ?
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