BKTradingAcademy

CHFJPY I Short from historical highs

Short
OANDA:CHFJPY   Swiss Franc / Japanese Yen
Hello,Traders!
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CHFJPY is trading in an uptrend on all HTF's however it is retesting
the previous historical high. While shorts are risky, they are worth
considering due to changes in Yen monetary policy expected to
release soon (possibly year-end). Price is currently rejecting the trend line
resistance and there is divergence on the weekly. This is a great idea for
swing traders who have strategic risk management skills and the tolerance
to hold. SHORT!

Trade safe and good luck!

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