CHFJPY for a long time waiting for this chance

  • Apr 27 2021
CHFJPY for a long time waiting for this chance

CHFJPY currency pair for a long time waiting for this chance

The price of the CHFJPY currency pair has been waiting for this moment for a long time and has come to a very strong resistance level beyond which the price will no longer be able to keep. At first, it may seem that this is the historical maximum of the price, but if you look at the monthly chart, you can see that the price has already moved there. This gives hope that the price will be able to repeat its growth. Considering that this is not a volatile currency stalemate, it would be better to place Take Profit in 60 pips at 119.50.

Symbol: CHFJPY
Order Type: Pending Order - Buy Stop
Entry Price: 118.90
Take Profit: 119.50
Pips Earning: 60

As the result of a trading recommendation, the price reached Take Profit the next day.

The result of a trading recommendation, the price reached Take Profit the next day.

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The profit can be $571.43 if the trading volume of 100000 CHF (1 Lot).

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