CHF/JPY

Target two met (130 pips), moved stop. May close soon, and re-open at a pull-back (supported by technicals).


Next stop 115 (curbed my ambitions of 116, as macros suggest the Yen could firm up now that Abenomics is getting more unpopular!)

Target one met (70pips), moved stop, this could go to 116.

Not a very popular one this pair (perhaps only Remo, RC, CT and myself have traded it!), but, it could be back on the radar (I like the CHF trades personally, because if right, tend to give lots and lots of pips).

Always do your own research folks, and good luck.

I'll be looking for a long at around 113.3xx (flexible right now due to rubbish charting tool).

This should be a free trade now...move stops to break even.

Worth a long on first attempt of the trend line with a 40 point stop.


close up view

dl.dropboxusercontent.com/u/4899609/chfjpy31stoctclose.png


Far view

dl.dropboxusercontent.com/u/4899609/chfjpyfar31stoct.png

Please bear in mind that this currency is not for the faint hearted due to its massive swings.

This should also be a free trade
Sorry couldn't post a live trade as was too busy with work!