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ForecastCity_EU
May 15, 2020 2:04 PM

Don't miss the great buy opportunity in CHFJPY Long

Swiss Franc/Japanese YenFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (109.7). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.

Take Profits:
TP1= @ 111.00
TP2= @ 111.50
TP3= @ 112.40

SL= Break below S2
Comments
Forecast_Crypto
toward the MARS!
Forecast_Crypto
It will go up soon!
shainatopaz0258
Are you sure this would work?
Pro_Trader_007
You are one of my favorite analysts!
Pro_Trader_007
@ForecastCity always enjoy your posts.
Mehmetozdemi
Looks good
Shiva_forex
thanks for your ideas
DenizKilicDeniz
Very nice trade and setup
Mesutkashmar
very nice
Kamryn
Good analysis as usual
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