Swiss Franc / Japanese Yen
Long
Updated

CHFJPY - Good Long Opportunity

42
Please refer to text on chart.

I like this classic flag pattern and currently there is a clearly defined risk point and entry. The pair has been whipping back and forth for a month or so now and if it breaks up, there will be strong upward pressure.

** We do not try to predict future price. We simply react to current price movements based on interpretations of past data.
Trade closed: stop reached
Stopped out. Hope everybody got out in the red area.

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