Trade photo

It's an interest rate differential trade combined with a positive risk environment.

'soft data' from Japan keeps the JPY as a possible short, but I've chosen the CHF simply to due to guarding against BOJ intervention possibility.

I'm going out for the day, which is why I've set a 'limit order'. The other option would be to wait for another 1hr swing.

The risk to the trade is US data changing the markets mood...or AUD profit taking.

Feel free to email any questions: johnelfedforexblog@gmail.com