OPPORTUNITY FOR SELL CHFJPYWe have these indicators for SELL opportunity:
- Reflection from the top of the parallel channel (Has been created since 2008)
- Low volume to continue the current direction
- Return/re-test to (Year + 6M + 3M) high
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
* Nothing grows forever, so the turndown is most likely. But beware of the "fake out" in 2015 - count on this in risk management.
