CHFJPY- The resistance level (118.00) has been hold for quite a while now with several attempt to push lower but there is a mini support level at 116.30 that price struggles to break below. This resistance level stand as a barrier preventing price from pushing lower. We need to see a full body break of this level before a sell trade
Entry: Depending on your trading style, I suggest you lower to smaller TF for a break of the mini level, I always advice a retest or bearish corrective structure as confirmations but some are a little more aggressive with their entry.
SL & TP Ensure SL is placed above resistance level and for a swing trade, FINAL TARGET around 113.76
Entry: Depending on your trading style, I suggest you lower to smaller TF for a break of the mini level, I always advice a retest or bearish corrective structure as confirmations but some are a little more aggressive with their entry.
SL & TP Ensure SL is placed above resistance level and for a swing trade, FINAL TARGET around 113.76
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t.me/forexlyfepublic
OUR WEBSITE:
www.forexlyfe.com
INSTAGRAM:
www.instagram.com/forexlyfe/
YOUTUBE:
www.youtube.com/channel/UCb_InwvBx1zDDihPrLJ6Qaw?view_as=subscriber