BoomFxCapital

CHF/JPY BEARISH

Short
BoomFxCapital Updated   
OANDA:CHFJPY   Swiss Franc / Japanese Yen
Great selling opportunity in the CHF/JPY pair with a short stop loss and enormous profit potential. We can see an ascending channel on the chart that looks like it's about to be broken, allowing us to profit from this breakout. More conservative traders should wait for the breakout and subsequent trendline test.

Remember that today is the monthly candle closing day, and I expect high fluctuations in the market, which may even push the price to levels around 162.000. Therefore, manage the risk of your trades.

Good trades to all.
Trade active
Trade closed manually:
Close manually with 20 pips loss
Next week will be back to jpy pairs
good weekend to all
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.