CHFJPY : Nice buying opportunity

FX:CHFJPY   Swiss Franc / Japanese Yen
Hi everybody !

It has been a while since I didn't post any idea on TradingView. I come back today with this nice buying opportunity you have on CHFJPY             pair.
On january 15th, the Swiss National Bank (SNB) decided to abandon its fixed exchange rate with euro             . It created a strong mess on the market and lot of traders made big losses. Now that Swiss Franc             is free of move against euro             , it could do better its role of a "safe haven" currency. In present time of economic uncertainty and after the strong Bank of Japan's monetary easing policy, it could be a nice bet to invest on CHF.

On the technical view, after the january panic, we can see a nice retracing move to 2014 december level. Then a triple bottom pattern came into play retracing to Fibonacci 0.764 level which has just been broken now. The retracing uptrend may continue next days.

Trade setup :
Buy : 125.200
Stop Loss : 123.950
Take Profit : 127.850

Have a nice trading week !

Best Regards,
Nice breakout today :


Advice : Do not use too tight stops
I should enter my trade on 123-level
The Swiss National Bank decided to eliminate exemptions from the country’s negative interest rates for public accounts, including the central bank’s pension fund.
Stunned down. Trade Canceled
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out