jessi061

CHFJPY Possible Breakout/ReversalTrend

Long
FOREXCOM:CHFJPY   Swiss Franc / Japanese Yen
I think if swiss breakout upward this time from this falling trendline there could be a possible long opportunity for this pair. Talking about the king (greenback) it is losing some gains which it had from the earlier days of the week from other counterparts. For now, the king is pulling yen lower and I think swiss may take this chance and if the price breakout falling trendline with strong momentum buy stop order should be triggered and if ain't be a fakeout possible reversal can be a case which will lead price around weekly pivot R1.
Trade closed: target reached
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