CHF/JPY, DAY CHART, LONG (11-DEC-2016)Note:
This pair already break the current support zone
at 112.x area.
Recently there is a pullback sit on support zone
and a bullish signal appeared! It is a 2B Reversal.
We are BULLISH on this pair
There are 2 ways to trade:
1. Long this trade now with R/R of 1:1 for TP1 a
nd R/R of 1:2.8 for TP2.
Or can use H4 or H1 chart to buy at dip
2. Wait the price fall back to the support zone.
Long this trade when there is a bullish signal appeared.
Can trade with right lot size.
And it is a less risk high return trade!
Caution on the CHF Libor Rate on Thursday. Volatility is expected!
Fundamentally, JPY is still weak among most of the positive outlook on economy.
TP1 can put at the next resistance zone and TP2 can put at next next resistance zone.
Trade with right risk management and psychology skills :)
