This is an update on my last analysis on CHFJPY. It took a bit of a while, but CHFJPY eventually made its way upwards. Those who took the trade can keep trailing their stop until we reach our target as the resistance zone.
Those who have not entered earlier can look for entries along the supportive trendline with a target at the resistance zone. However, this is higher risk and presents lower risk to reward rations. Be cautious when entering and use proper risk management.
Check out my previous CHFJPY analysis to understand why we went long on this trade. Be sure to follow me for more ideas analyses.
Best of luck traders!
Those who have not entered earlier can look for entries along the supportive trendline with a target at the resistance zone. However, this is higher risk and presents lower risk to reward rations. Be cautious when entering and use proper risk management.
Check out my previous CHFJPY analysis to understand why we went long on this trade. Be sure to follow me for more ideas analyses.
Best of luck traders!
