Have just taken an entry on the CHFJPY
Break of Inner trend line daily time frame
And we now have a break below 116.500 support on the daily Chart:
Plus the fact that the Japanese economy is starting to pick up;
And it is a sell off the high
Have entered in with two positions
First target is the Missed weekly Pivot which is 116 pips away
Second target for the 2nd position is the monthly missed pivot apros 280 pips away;
I will be using a 55 pips trailing stop
;
Once at break even I will then take the trailing stop off
Nad will manually move might stop loss down locking in profits as we go;
Break of Inner trend line daily time frame
And we now have a break below 116.500 support on the daily Chart:
Plus the fact that the Japanese economy is starting to pick up;
And it is a sell off the high
Have entered in with two positions
First target is the Missed weekly Pivot which is 116 pips away
Second target for the 2nd position is the monthly missed pivot apros 280 pips away;
I will be using a 55 pips trailing stop
;
Once at break even I will then take the trailing stop off
Nad will manually move might stop loss down locking in profits as we go;