IanSinclaire

CHFJPY - Weekly; Wait for it... Then SELL it hard!!

FX:CHFJPY   Swiss Franc / Japanese Yen
While the SNB is a "currency manipulator" (of the first order), Japan is a wholly owned subsidiary of the BoJ. Still, it's wise to bet on the World's 3rd largest economy versus the World's Vault that is now on fire.
... and this chart is foretelling that exact story!
Comment: Put in an other way, does one wish to be in the heart of a dying Europe or next to a rising Asia? - This really is not a close call.
But, fundamental analysis aside (which matters not), just follow the arrows.
Comment: They're probably going to...
... Stop Hunt this, one more time, then it's over! SELL
Comment:
Trade active: LONG - Target: 118.00
Comment: LONG
... for now.
Trade closed manually: Wait for it!...
Trade active: SHORT
Target: 113.80
Trade closed: target reached: FLAT; +25 pips
Trade active: SHORT
Comment: Looking to SHORT this...
... off of the 115.60 level.
Trade active: Massive SHORT
Comment: Recognize a Stop Hunt when you see one!
Comment: Target: 112.50
Comment: A 2nd chance to get on board! - SHORT
Comment: ... and a 3rd chance ...
... to get on board!
Comment:
Trade active: SHORT
Major SHORT to 112.50
Trade closed: stop reached: This is...
... still heading up.
Trade active: Massive SHORT!!
Trade active: SHORT
Trade active: SHORT
Order cancelled: See Current Post;

Comments

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