FX.co ★ Trading idea for CHF/JPY

Good afternoon traders! A trading idea for the CHF / JPY pair.

After the quotes successfully pass and update the yearly high, open short positions for a pullback in the CHF / JPY pair.

The plan will bring a movement of about 6,000 pips, which is the average limit for a recoilless movement in the pair. After such a movement, the quotes will change direction, and we can place orders to earn profit.

Wait for a breakout before placing sell limits in about 500 pips, starting from the quote 114.32.

Good luck!