Thursday, January 24, 2013

CHFJPY Short Trade CHFJPY Triangle Trade
I am watching this setup from past few sessions. Previous setup [here].

Now the trade has materialized. Price is reverting back after touching the upper trendline. 

I went short right at 95.90 with stop at 96.30. 

I would be targeting middle and lower part of the triangle.

UPDATE: Got stopped out of this trade owing to further yen weakness.

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