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
Zes

Comments

it will be interesting to follow the development on chfjpy, good job
+1 Reply
jessi061 transparent-fx
@transparent-fx, yes sir thanks for the feedback! Seeing your data for swiss I think it has more reason now to gain against yen. Let see how this pair works through out the week.
Reply
jessi061 transparent-fx
@transparent-fx, Swiss did its job well against yen!
Reply
You think cuz of the King bro? You rad chfjpy not in ordinary way buddy. We will see anyways. GJ
+1 Reply
@Gokur, ya last week yen was losing against the king and other many currencies where swiss was leading against yen.
Reply
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