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Swiss Franc / Japanese Yen
Long

CHFJPY - Buy

By Socratesinc
Updated
Oct 1st, 2020 we learned that a lot of the JPY trades correlate on the 4 hour time frame primarily. This morning (Oct 8th @9:32 am) price was testing the yellow EMA line on the ichimoku cloud. We set up our FIB for confirmation and saw that price was sitting on the 23% retracement level.
Trade active
Oct 9th @9:28 EST we are currently in profit 77 pips on our best entry, and 45 pips on our previous entry. We expect price to continue to buy longterm.
Comment
Closed one position for a profit of 26 pips as I saw price about to retrace. Still holding one positions that is currently 50 pips in profit.
Trade closed manually
Closed my last position for a profit of 40 pips.
Pirce may simply be testing the cloud or it may reverse, let's see.
Chart PatternsfibsdontlieTechnical IndicatorsjackpotstrategysocratesincTrend Analysis

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