TomKirk
Short

CHFJPY - Haven currencies fighting it out

FX:CHFJPY   Swiss Franc / Japanese Yen
-41 week horizontal range
-Concise double top
-Breakout on the 7th
-Was met with a retest of prior range into the weekly close (the fact that price was not able to close back within pattern is positive)

Looking to establish a position of 120 basis points split into 2 tranches
Mar 11
Comment: Stop sell order in
Mar 14
Comment: Dialled back planned exposure to a total of 80 basis points due to the price trading either side of the range
Mar 15
Comment: Not pursuing this trade. I don't like how the price action didn't respect the boundary
*either side of the boundary
Reply
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