CHFJPY: Long now and anticipate huge trade to upside

FX:CHFJPY   Swiss Franc / Japanese Yen
813 11 33
The pair has broken out of the downtrend and I am expecting it to reach the weekly corrective structure top, from here there is good chance we will break above and gives us a huge trade to the upside once again.
Comment: weekly picture
I am coming!long,good luck to me!
I am in now.
good luck
Hi piphunters
what is an example SL for this trade?
your SL is dependent on your strategy, risk tolerance, other factors and will be different from person to person so I'd rather not suggest one since I don't know those things about you.
jaxx piphunters
Yes, I can put some SL based on account percentage, but as the idea is based on a chart pattern, I thought that it would be appropriate to use something on the chart as a SL?
since what I publish here are not trade calls but setups or analysis only I don't give any SL or TP, hope you understand.
same view :) and in the weekly view it seems that ABC correction has been ended.
+1 Reply
piphunters farid_ardavani
Totally agree. I'm already in this one
+1 Reply
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