CHFJPY SHORT ON BREAK OF S/R ZONE

CHFJPY IS CURRENTLY AT A S/R LEVEL. ASSUMING SWISS FRANC CONTINUES ITS PURGE LOWER EITHER AT A FASTER RATE THAN THE YEN IS, OR IF THE RECENT YEN BOUNCE SENDS THAT CURRENCY HIGHER, WE'RE PLAYING A SHORT ON A BREAK OF THE 111 HANDLE. THERE IS A TREND LINE NEAR THAT AREA, SO ASSUMING IT HAS ENOUGH POWER TO BREAK IT, WE ARE TARGETING 110.55. STOP IS ABOVE THE UPPER TRENDLINE AT 111.90.

Trade fermée manuellement:

Got close but didn't hit. Closed manually.