D-Rod
Short

wedge formed & possible support break.

FX:CHFJPY   Swiss Franc/Japanese Yen
547 14 24
overall.. im going in with a lil bit of chips becuz the swiss days are over & this technical come up. also despite BOJ saying inflation expectation is lower.. it kept rates unchanged & will be looking towards Kuroda's statement this thursday
Comment: Also tech gear is taking over fancy Swiss watches.
Comment: SNB'S Maechler : CHF remains overvauled
Comment: http://www.investing.com/news/economy-news/boj-gov-kuroda:-price-trend-showing-signs-of-improvement-390413
Comment: The description in the chart shows whats going on. just click the chart 2 see the description  
Comment: The big picture
the big picture
Comment:
trend resistance point on overvalues CHF
Comment: Took my 320 pips from the last update Short chart I posted. I am a tiny amount still riding on this but took my sweet 320 Pips =)
Comment: I have a tiny amount still in this trade. I took the strong profit becuz Draghi speech, Yellen speech can affect the chf is the chain link starts with euro. I'll look 2 put add more once the speeches are done
Comment: adding more at 114 level
adding more at 114 level
Comment: Still in this as my updates show =) insights on BOJ ---> http://www.bloomberg.com/news/articles/2016-04-27/boj-stimulus-never-less-effective-as-cash-idles-indicator-shows
Comment: Exited with another huge pip run. + 260 pips.
Don't you think its now support ?
Reply
D-Rod deekayusa
Yea. It's lying on an important support. CHF Snb chairman speaks 2morrow. I mention up above important stuff of it. Hopefully CHF goes down even further. After all it is ovetvalued.
Reply
Sweet Sweet short$$$.
Reply
How long would you usually hold a trade to catch 320 pips?
Reply
D-Rod dashan23
I hold trades for 1-4 days.. for catching a trade in the 300 pip zone.. it depends.. it can take anywhere from 3-10 days
Reply
same position
Reply
D-Rod AEDarwish
u 2 should make some money on this. the only thing 2 be careful is if FOMC disappoints the Usd bulls.. then mayb strong euro can drive up this pair 2 around my SL... but I expect a hawkish tone from the FOMC
Reply
SHALL WE ENTER NOW?
Reply
D-Rod AEDarwish
go 4 it.. but its a long term thing.. if FOMC somehow doesn't speak in a hawkish tone.. it'd bring up the Euro which helps the CHF soo if that was the case.. wait till after FOMC.. again.. I expect a hawkish tone
Reply
good setup
Reply
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