CHFJPY – BUY – 24th June 2020

CHFJPY – BUY – 24th June 2020 (Closed)

Good afternoon team,

There appears to be a nice technical setup here on the CHFJPY.

CHFJPY – 4 Hour Charts

There has potentially been a bull flag breakout followed by a retest of the formation. There also appears to be a head and shoulders formation with the shoulder line being at a key support zone.

Trade Setup: BUY – Market execution, current price 112.92, stop loss 112.22 and take profit 114.00

Stop loss: 70 pips

Take profit: 108 pips

Trade Setup
BUY - Market Execution

Entry
112.92

Take Profit
114.00

Stop Loss
112.22