CHFJPY : best place to short?
first of all price reached a very strong resistance area two weeks ago.
We can see a trend line breakout and a pullback after that , so we expect a good retracement to 38.2% , 50% and even 61.8%. But there is no guarantee for price movement to touch all of those levels. I think it goes down to 50% with more probability.
So retracement levels are our targets.
Don't forget to like and leave me a comment about this idea , thank you.
We can see a trend line breakout and a pullback after that , so we expect a good retracement to 38.2% , 50% and even 61.8%. But there is no guarantee for price movement to touch all of those levels. I think it goes down to 50% with more probability.
So retracement levels are our targets.
Don't forget to like and leave me a comment about this idea , thank you.
Note
going for first target!Note
First tp hit , 200 pips profit.Note
Second tp hit , 300 pips profit.
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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.