The Swiss Franc Japanese Yen.

Good evening Forex Traders,

Apologies for not posting yesterday evening but my internet connection was very intermitent making it very hard to do any analysis let alone blogs but back on track tonight so I have the CHFJPY for you to take a look at.

As can be seen on the daily chart below we may be setting up for a short trade in the near future but as of yet we do not have confirmation as not enough indications are in evidence as at this moment in time but some are present.

We are at a possible 123/DT in a downtrend and we are at a very good figure but triggers are not yet showing themselves to enable me to take the trade. If we continue then I shall use the Dynamic Trader ESLT but will be aware of the contradictions and therefore trade accordingly.

This is one to keep a close eye on to see what price does do but I am looking for the short set up primarily.

Please do your own analysis for any trades you take, and only enter in accordance with your trading plan.

Charts courtesy of TradeStation.

Next post on Sunday, have a great weekend.

Clayton Farnworth.