Tfrancois

POSSIBLE CHFJPY SET UP

Short
Tfrancois Updated   
FX:CHFJPY   Swiss Franc / Japanese Yen
CHFJPY IS GOING TO HIS RESISTANCE LEVEL @ 118.500 (PERFECT SELL ENTRY)

SO I'M OPENING A SELL POSITION @ 118.500

MY TAKE PROFIT 1 WILL BE AROUND 116.400 (110 PIPS)
TP 2 @ 114.00


FUNDAMENTALS:

-THUESDAY: EUR -> ECO FIN MEETING (WHOLE DAY) + GERMAN ZEW + JPY TRADE BALANCE
-THURSDAY: EUR -> MONETARY POLICY MEETING
FRIDAY -> EUR -> PMI COMPOSITE
Comment:
70 pips running in profit
Comment:
120 pips running currently, sl = risk free
Comment:
208 pips running, 50% secured
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