velmunis

CHFJPY SWING TRADE 12-OCT-2020

Long
FX:CHFJPY   Swiss Franc / Japanese Yen
Good day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday

CHFJPY-Technical analysis


⚡️price is well below the 116.00 and key resistance level
⚡️Rising wedge formation is about to end which is a clear sign of Bearish trend
⚡️Swing target would be 114.400
⚡️115.00 Area will act as barrier for bear
⚡️CHFPY has reached the upper side of the Bollinger bands

SWING TRADE -CHFJPY

Sell @ 115.850
Take profit @ 114.420
Stop lose @ 116.370

140 Pips target


Don't risk more than 1% of your capital

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.