Background:
- 2nd try of CHFJPY Long - 10 Feb 2017
- Price is in a box consolidation since dec 2016.
- Continuous of previous bullish candle after testing horizontal support @ 112.36 within the consolidation
Entry:
- Buy stop above yesterday candle high @ 113.78
SL:
- Set at 50% of the current bullish move @ 112.8
PT:
- resistance at the box @ 115.1
Others:
- Unfavorable RR at 1.39