CHFJPY Short then Long

Currently the Swiss Franc seems to be pushing up from recent lows and at the same time the yen is dropping in a corrective structure. Right now the pair is in a correction which could have some more down side to it. That for me is the best opportunity for a trade on this pair right now. After that we'll see if my long view is correct. The options are to take the short now or wait for it to finish and look for a long set up.

I'll up date this idea as it develops

This is not investment advice

Steve Nixon
Trainer & Mentor

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So far so good

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A beautiful clean quick trade with no messing around in the red. I think trend is still up so I've taken 60 pips profit

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I don't usually trade counter trend but this set up was to good to miss

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Well that turned out to be a much larger move than expected with a bit of luck some of you may have stayed in the trade longer than I did. Fortunately there was no set up to enter a long trade so no harm done.