CHFJPY Long
Updated
Nice 1 to 2 reward for patient ones.
Because it could take longer until there is movement again. I'm taking this long trade again.
CHFJPY has been in a range after the pullback for 10 days. Buyers apparently accumulate at these levels. Minimum target is the 61.8 retracement. Fundamentally, the yen has not improved. Therefore a good long in my opinion.
Trading in the range is also possible here.
Because it could take longer until there is movement again. I'm taking this long trade again.
CHFJPY has been in a range after the pullback for 10 days. Buyers apparently accumulate at these levels. Minimum target is the 61.8 retracement. Fundamentally, the yen has not improved. Therefore a good long in my opinion.
Trading in the range is also possible here.
Note
The market has not shown the strength that was expected. I am closing the position. I'm currently expecting that it could go down to 175.05. I place my limit order here. PMI and CPI data from Japan are due this week. This could be the event that is a trigger.
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