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CryptoBlanco
Jul 15, 2022 10:43 AM

CHF/JPY potential short  

Swiss Franc/Japanese YenFXCM

Description

CHF/JPY potential short entry trade setup : We could see a retracement to daily and 4-hourly supply zone of 142.910 - 143.714, where we will likely be looking at entering a short on this order block with targets as mentioned in chart. This is a high probability trade as the order block coincides with the fib level of 78.6/61.8 and daily resistance level. This move up could be to fill the weekly wick before prices head down.
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