JaceFX

CHFJPY Trade Analysis for Long Position

Long
FX:CHFJPY   Swiss Franc / Japanese Yen
CHFJPY Trade Analysis For Long Position

A Bullish Descending Triangle breakout spotted at CHFJPY on 11th August

Price break above 116.350 which is H4 short term ranging zone on 12th August

we are looking for price pull back and enter long position

Buy Limit 116.112
SL 115.912
TP 1 116.312
TP 2 116.612
TP 3 117.112

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*Risk no more than 1% of your trading capital
*Please choose the take profit point best suit your trading portfolio
*Always trail your profit when trade running profit
*Apply Break even point to protect your capital when trade running profit
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