CHF/JPY - Price dropped,Ascending channel formulated time to buy

7 feb

Hi guys, we would be looking into the CHF/JPY , in a similiar fashion with all the major currencies we saw a steep drop versus the Japanese Jen. The CHF/JPY has formulated a fantastic Ascending Channel which we will test with our analysis to reach our final targets, there is quite some potential in this pair, we would be looking into further upside once our targets are reached.


Entry: 167.760
Target 1: 168.542
Target 2: 169.350

Stop Loss: 166.500 - Our Stop loss is set up on a strong support level which would give us good protection on the trade,once 1st target is reached you can consider protecting your profits by putting a positive stop loss!

As always my friends happy trading!

P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!

8 feb

Trade chiuso: stop raggiunto

Stop reached - we re-entered the trade and see some great potential here.