CHFJPY has been respecting this uptrend for multiple months, showing us the bulls are in control. As of yet there is no trade until it comes into the pink box region, meeting the 78.6 fib and dynamic support. This is the optimal entry point for us, for maximum risk to reward. If correct this trade will be 500 pip again against a 50 pip Stop loss (10/1). Remember to take partial profits at the 0%, -20.00% and our final target -68.1%.
Order cancelled:
UPDATED ENTRY LEVEL ABOVE
Trade closed: target reached:
300 pips gained