FX:CHFJPY Swiss Franc/Japanese Yen
Swiss Franc has been falling for 8 months and all the time we had good levels for opening short trades in the direction of the main trend. We could be with huge profit, if we opened short positions and hold them. And again price reversed after correction and followed the main trend. When price closed below MA50, we got a signal for opening short positions. (H), and DMI support the short trade. As for targets, the main trend is rather old and it could reverse on any strong support levels. So our Profit targets must be placed on such levels even we won't have the perfect Profit/Loss ration. This view is based on my trading system. Have a nice day and be green!
Trade closed: target reached