Pattern Breakout on CHF/JPY
I’d like to share my today’s early trade with you. Slightly more than a month ago I’ve written about a symmetrical triangle pattern on CHF/JPY W1 chart. Last week the price have closed above the upper limit of the triangle, which signals a bullish breakout from the pattern. I entered a long trend on CHF/JPY today and share the details with you:
Parameters of the position:
Currency Pair: CHF/JPY
Direction: Long
Entry Price: 91.21
Stop-Loss: 87.74
Take-Profit: 96.44
Reward/Risk Ratio: ~1.5
Risk Amount: 1%
If you have any questions or comments regarding this CHF/JPY breakout position, please, feel free to reply via the form below.
Tags: breakout, chart, CHF/JPY, technical analysis
