The article on fxstreet by Nicole Eliott (Mizuho Corporate Bank) confirmed my idea to go long with CHF/JPY somewhere under 78.00 level
Their strategy: Buy at 78.00, adding to 77.00; stop below 75.00. Add to longs on a weekly close above 80.00 to cover between 84.00 and 86.00 and then wait for potential signs of topping.
My strategy: Buy under 78.00 with target 79.00 and stop below 75.00. What about risk-reward ratio? Not important in this case IMHO.
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