DecaPip Daily: CHF/JPY, July 7th
Littlefish FX | Jul 07, 2015 04:29AM ET
Intraday outlook highlighting Resistance and Support levels in the forex market for July 7th, 2015
Today, I am going to be showing you a great FX swing trade set up that I am currently watching on the CHF/JPY currency pair this week.
For me, this trade has many things working in its favor, such as fundamentals, safe haven status and a great swing level entry, and a very achievable exit target.
My 1st Entry level is 130.66 and my 2nd Entry, if triggered, is 130.88, with a 30 pip stop loss with a measured target of 12800.
CHF/JPY
130.66 Resistance 1
130.88 Resistance 2
129.40 Support 1
128.00 Support 2
This column is called DecaPip for a reason, and 10 pips may be more than enough for most traders on this particular swing set up I am looking to trade.
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