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CAM_SMlTH
Dec 8, 2013 1:37 AM

CHFJPY Long

Swiss Franc/Japanese YenFXCM

Description

Looking for a retest of 115 looking for as much confluence as possible between fib retracements, trend-lines etc. Risk reward is 1:1 because we can based on t/p just below 117. Trend is clearly up, momentum is gaining. If the expectancy of this trade working out is 55% or better you would take those odd at 1:1 everyday. Move stop to breakeven if/when price reaches 116.
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