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ForecastCity_ME
Oct 14, 2020 4:38 PM

πŸ’‘Don't miss the great sell opportunity in CHFJPYΒ Short

Swiss Franc/Japanese YenFXCM

Description

β‹…
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (115.67).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. CHFJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.

Take Profits:
TP1= @ 115.01
TP2= @ 114.60
TP3= @ 114.05
TP4= @ 113.25
TP5= @ 111.97

SL: Break Above R2

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Comments
sofi_Morphy
β‹…
Cool view. Thanks for sharing
ForecastCity_ME
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@sofi_Morphy, It's out pleasure. Hope you enjoy it.
yusufipek1989
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Thanks for this chart. You made my day.
ForecastCity_ME
β‹…
@yusufipek1989, It's out pleasure. Hope you enjoy it.
Mehmetozdemi
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Brilliant work
ForecastCity_ME
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@Mehmetozdemi, Thank you for your comment.
Signal_Forex
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Nise idea and agreed with your idea
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